How much money did jack gain or lose from his speculation


Jack Hemmings bought a 3-month yen futures contract for 0.0088SF/Y and the exchange rate changed to 0.0085SF/Y at which time he sold the futures. If each futures contract is for an amount of Y100,000, in Swiss Francs (SF) how much money did Jack gain or lose from his speculation with futures?

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Financial Management: How much money did jack gain or lose from his speculation
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