Question: The spot rate is currently $ 1 . 0 7 8 lon. You take a long speculative position in 2 0 0 euro futures contracts

The spot rate is currently $1.078lon. You take a long speculative position in 200 euro futures contracts which are currently quoted at $1.0878lon. At the contract's maturity, the euro has appreciated 2.20% relative to the USD. What are your proceeds from this position? Contracts are for 250,000 euros.
The spot rate is currently $ 1 . 0 7 8 lon. You

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