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JUNE FUTURES PRICE, S/Peso (Black line) Daily Peso SPOT Price (RED Dash) $0.0435 $0.0430 $0.0425 $0.0420 JUNE Mx PESO Futures Spot Price Price by date $ 0.0413 $ 0.0416 0.04198 0.0425 0.0417 0.0422 0.04122 0.0416 0.04093 0.0416 0.04166 0.0421 0.04096 0.0416 0.04046 0.041 0.04034 0.0409 0.03959 0.04002 0.04003 0.0405 0.04088 0.0412 0.0417 0.0421 0.04133 0.0414 0.04023 0.0406 0.04099 0.0415 0.04159 0.0416 0.04095 0.041 0.0413 0.0416 0.04158 0.0418 0.0411 0.041 0.04083 0.0413 0.0414 0.0419 0.04148 0.0417 0.04196 0.0421 0.04177 0.04223 0.04317 0.04310 DATE Apr. 8 Apr. 9 Apr. 10 Apr. 15 Apr. 16 Apr. 17 Apr. 20 Apr. 21 Apr. 22 Apr. 24 Apr. 27 Apr. 28 Apr. 29 Apr. 30 May.1 May 4 May 5 May.6 May.7 May.11 May.12 May. 13 May.14 May.15 May.18 May.19 May.20 $0.0415 $0.0410 $0.0405 $0.0400 $0.0395 Apr. 8 Apr. 9 Apr. 10 Apr. 15 Apr. 16 Apr. 17 Apr. 20 Apr. 21 Apr. 22 Apr. 24 Apr. 27 Apr. 28 Apr. 29 Apr. 30 May 1 May.4 May.5 May.6 May.7 Tudu edu Snew 9new Trew May. 12 May 13 May.14 May. 15 May.18 May.19 May.20 1. It is now APR.15. At SPOT, what is the total US$ value of 10 million Pesos? 2. Your US firm will be BUYING 10 m. Pesos on May 19 and will hedge currency risk by using June Futures contracts against the US$ cost being rising. QUES: Your firm will SELL??? Or BUY??? Futures contracts 3. What is the total 5 value of 10m. Pesos at Apr.15 Futures contract Price? 4. It is now May 19. AT SPOT, what is the total US$ value of 10 million Pesos? 5. Buying the 10 m. Pesos at SPOT on May 19 (if did not hedge) versus Spot value on Apr.15 results in a GAIN?? OR LOSS?? in the Spot market for your US firm. 6 Calculate the total SPOT $ amount of GAIN?/LOSS? if did not hedge with Futures. Show GAIN as " +$", LOSS as "-5- 7. What is the total $ value of 10 m. Pesos at the May 19 futures price? nh 8. A Futures hedge started on Apr.15, results in a futures GAIN?? or LOSS?? as of May 19 9. If you started a Futures hedge on Apr.15, calculate the total $ amount of Futures GAIN?/LOSS? as of May 19. Show GAIN as * +$", LOSS as --> 10. Calculate your total $ NET Gain?/Loss? by combining the May 19 Spot Gain?/Loss? with the May 19 Futures Gain?/Loss?. Show GAIN as " +$", LOSS as" - "This is the net result for your firm from using Futures hedge for 10 m. Peso on Apr.15