4. Using the quotations given below, note that the September 2016 Mexican peso futures contract has a price of $0.05481 per MXN. Open High Settle Change Open Interest Low Currency Futures Mexican Peso (CME)-MXN 500,000; $ per MXN June 05487 05512 05440 0548100006 91,662 You believe the spot price in September will be $0.06133 per MXN. What speculative position would you enter into to attempt to profit from your beliefs? Calculate your anticipated profits, assuming you take a position in three contracts. What is the size of your profit (loss) if the futures price is indeed an unbiased predictor of the future spot price and this price materializes? 5. Do problem 4 again assuming you believe the September 2016 spot price will be $0.04829 per MXN. 4. Using the quotations given below, note that the September 2016 Mexican peso futures contract has a price of $0.05481 per MXN. Open High Settle Change Open Interest Low Currency Futures Mexican Peso (CME)-MXN 500,000; $ per MXN June 05487 05512 05440 0548100006 91,662 You believe the spot price in September will be $0.06133 per MXN. What speculative position would you enter into to attempt to profit from your beliefs? Calculate your anticipated profits, assuming you take a position in three contracts. What is the size of your profit (loss) if the futures price is indeed an unbiased predictor of the future spot price and this price materializes? 5. Do problem 4 again assuming you believe the September 2016 spot price will be $0.04829 per MXN