Laura Cervantes. Laura Cervantes is a currency speculator and she sells eight June futures contracts for 500,000
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Question:
Laura Cervantes. Laura Cervantes is a currency speculator and she sells eight June futures contracts for
500,000 pesos at the closing price quoted here:
.
a. What is the value of her position at maturity if the ending spot rate is
$0.12009/Ps?
b. What is the value of her position at maturity if the ending spot rate is
$0.09802/Ps?
c. What is the value of her position at maturity if the ending spot rate is
$0.11003/Ps?
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