Question: Data table (Click on the following icon , in order to copy its contents into a spreadsheet.) British Pound Futures, $ = 1.00 (CME) Contract

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Data table (Click on the following icon , in order to copy its contents into a spreadsheet.) British Pound Futures, $ = 1.00 (CME) Contract = 62,500 Maturity Open High Low Settle Change High Open Interest March 1.4246 1.4268 1.4214 1.4228 0.0032 1.4700 25,605 June 1.4164 1.4188 1.4146 1.4162 0.0030 1.4550 809 on the British pound () to Tony Begay at Saguaro Funds. Tony Begay, a currency trader for Chicago-based Saguaro Funds, uses the following futures quotes, FA) speculate on the value of the pound. a. If Tony buys 5 June pound futures, and the spot rate at maturity is $1.3977 = 1.00, what is the value of her position? b. If Tony sells 12 March pound futures, and the spot rate at maturity is $1.4558 = 1.00, what is the value of her position? c. If Tony buys 3 March pound futures, and the spot rate at maturity is $1.4558 = 1.00, what is the value of her position? d. If Tony sells 12 June pound futures, and the spot rate at maturity is $1.3977 = 1.00, what is the value of her position? =) a. lf Tony buys 5 June pound futures, and the spot rate at maturity is $1.3977/, what is the value of her position? The value of Tony's position is $[_|. (Round to the nearest cent. Use a minus sign if value is negative.)

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