Question: Using the quotations in Exhibit 7.3, note that the June 2019 Mexican peso futures contract has a price of $0.05143 per MXN. You believe the

Using the quotations in Exhibit 7.3, note that the June 2019 Mexican peso futures contract has a price of $0.05143 per MXN. You believe the spot price in June will be $0.05315 per MXN. What speculative position would you enter into to attempt to profit from your beliefs?

a. Take a long position in the futures contract

b. Take a short posltion in the futures contract

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