Problem question #8 (17 marks) Using the quotations below, you note that the June 2019 Mexican peso futures contract has a price of $0.05143 per MXN. You believe that the spot price in June will be $0.05795 per MXN. Mexican Peso (CME): MXN 500,000; $ per MXN Month Open High Low Settle Change Open int. June 0.05142 0.05171 0.05134 0.05143 0.0000 227,270 A) What speculative position would you enter into to attempt to profit from your beliefs? Use the technical name for that position and explain what transaction it involves. (6 marks) B) Calculate your anticipated profits, assuming you take a position in three contracts. (6 marks) C) What is the size of your profit (loss) if the futures price turns out to be an unbiased estimator the future spot rate and this price materializes? (5 marks) Enter your input data, formulae, and answers below this row, and show all calculation steps