Question: 4 . [ 5 ] You noticed that a November 2 0 2 2 Mexican peso futures contract has a price of $ 0 .

4.[5] You noticed that a November 2022 Mexican peso futures contract has a price of $0.0514 per MXN. You believe the spot price in November will be $0.0590 per MXN. What speculative futures position would you enter to attempt to profit from your beliefs? What would your anticipated profits per unit of MXN be if you held the contract until expiration? If the spot price in November is indeed 0.0514, what would be your profit(loss) per unit of MXN be if you held the contract until expiration?
5.[3] Do 4. again, assuming you believe the November 2022 spot price will be $0.0449 per MXN.

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