Question: ill leave a like! (Problem 4 at EOC) Using the quotations in Exhibit 7.3, note that the September 2016 Mexican peso futures contract has a

ill leave a like!

(Problem 4 at EOC) Using the quotations in Exhibit 7.3, note that the September 2016 Mexican peso futures contract has a price of $0.05481 per MXN. You believe the spot price in September will be $0.07 per MXN. Calculate your anticipated profits measured in $ (keep one decimal), assuming you take a long position in three contracts (Note that the contract size of one MXN contract is MXN500,000 )

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