. 0.9621 = (100 -0.036 0.9645-1+8 7 -3.6 %. 6) (5 pts) Today is April 1. The current direct spot rate on May Is April 1. The current direct spot rate on the EUR:USD is $1.235 ($1.235/1EUR) and the June 2018 Futures contract on the EUR is available for $1.242 es contract on the EUR is available for $1.242. One futures contract on the EURO is for 125,000 Euros and the contract expires on June 15th. What will the June 2018 futures price be on May 15th 2018. (Hint: there are 30 days between May 15" anu June. 15) if the spot price on the Euro moves to $1 195/1 EUR on May, 15th? Assume the June 2010 Euro futures contract will be selling at an annualized forward premium of 3.0% on May 15th 0.3042 0.315795 0.0150 * 0.0150 - F -1.25 70.0125- 1.2535 - 235 June Futures Contract price will be.254/16 on May 15th -3