Question: Please help with Part D, $13875 IS NOT CORRECT Tony Begay at Saguaro Funds. Tony Begay, a currency trader for Chicago-based Saguaro Funds, uses the
Please help with Part D, $13875 IS NOT CORRECT


Tony Begay at Saguaro Funds. Tony Begay, a currency trader for Chicago-based Saguaro Funds, uses the following futures quotes, , on the British pound () to speculate on the value of the pound a. If Tony buys 5 June pound futures, and the spot rate at maturity is $1.3975/, what is the value of her position? b. If Tony sells 12 March pound futures, and the spot rate at maturity is $1.4561/, what is the value of her position? c. If Tony buys 3 March pound futures, and the spot rate at maturity is $1.4561/, what is the value of her position? d. If Tony sells 12 June pound futures, and the spot rate at maturity is $1.3975/, what is the value of her position? ... a. If Tony buys 5 June pound futures, and the spot rate at maturity is $1.3975/, what is the value of her position? The value of Tony's position is $ -5843.75. (Round to the nearest cent. Use a minus sign if value is negative.) b. If Tony sells 12 March pound futures, and the spot rate at maturity is $1.4561/, what is the value of her position? The value of Tony's position is $ - 24975. (Round to the nearest cent. Use a minus sign if value is negative.) c. If Tony buys 3 March pound futures, and the spot rate at maturity is $1.4561/, what is the value of her position? The value of Tony's position is $ 6243.75. (Round to the nearest cent. Use a minus sign if value is negative.) d. If Tony sells 12 June pound futures, and the spot rate at maturity is $1.3975/, what is the value of her position? The value of Tony's position is $13875. (Round to the nearest cent. Use a minus sign if value is negative.) - Data table (Click on the icon to import the table into a spreadsheet.) British Pound Futures, US$/pound (CME) Maturity Open High Low March 1.4246 1.4268 1.4214 June 1.4164 1.4188 1.4146 Settle 1.4228 1.4162 Change 0.0032 0.0030 Contract = 62,500 pounds High Open Interest 1.4700 25,605 1.4550 809 Print Done
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