1. Mary believes that the share market will suffer a correction (fall) of 20% in late February. It is February 1st, 2012 and the ASX 200 index stands at 4225.7. If Mary commonly speculates using 5 SPI 200 contracts; i) Outline the position she should take to profit from her expectations. ii) Calculate her profit or loss on February 28th, 2012 for this position if March 12 SPI 200 contracts are trading at 4393. iii) Outline the action she should take to realise this profit or loss. [Recall that SPI futures are valued at $25 times the index.]