Question: Using the quotations in Exhibit 7 . 3 , note that the September 2 0 1 6 Mexican peso futures contract has a price of
Using the quotations in Exhibit note that the September Mexican peso futures contract has a price of $ per MXN You believe the spot price in September will be $ per MXN Calculate your anticipated profits or loss measured in $ keep one decimal assuming you take a long position in three contracts Note that the contract size of one MXN contract is MXN When you enter a positive number, it means a profit. If you enter a negative number, it means a loss.
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