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 $0.05040 per MXN. Calculate your anticipated profits, assuming you take the correct position in three contracts. (USD, no cents)

MXN500,000 is the contract size of one MXN contract

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