Question: What is the answer to a, b, c, and d? British Pound Futures, US$/pound (CME)1 contract is $62,500MaturityOpenHighLowSettleChangeMarch1.42461.42681.42141.42280.0032June1.41641.41881.41461.41620.0030a. If Sarah buys 5 June pound futures,

What is the answer to a, b, c, and d?

British Pound Futures, US$/pound (CME)1 contract is $62,500MaturityOpenHighLowSettleChangeMarch1.42461.42681.42141.42280.0032June1.41641.41881.41461.41620.0030a. If Sarah buys 5 June pound futures, and the spot rate at maturity is $1.3980/e, what is the value of her position?b. If Sarah sells 12 March pound futures, and the spot rate at maturity is $1.4560/e, what is the value of her position?c. If Sarah buys 3 March pound futures, and the spot rate at maturity is $1.4560/e, what is the value of her position?d. If Sarah sells 12 June pound futures, and the spot rate at maturity is $1.3980/f, what is the value of her position?

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