10:15 Pa. Marked out of 15.00 Flag question Marla Stanford, a currency trader for New York Investment Group, uses futures quotes on the Japan yen () to speculate on the value of the yen. Use the futures quote in the table at the bottom of the page to answer the following questions. Contract=73,600 Yen Japanese Yen Futures, GBP/Yenx Open Maturity Open High Low Settle Change High Interest September 1.5324 1.5332 1.5292 1.5310 0.0047 1.6800 36,505 January 1.5406 1.5430 1.5388 1.5290 0.0043 1.6233 590 a) If Marla buys 6 January yen futures, and the spot rate at maturity is 1.4398, what is the value of her position? b) If Marla buys 13 September yen futures, and the spot rate at maturity is 1.5880, what is the value of her position? b) If Marla buys 4 September yen futures, and the spot rate at maturity is 1.5487, what is the value of her position? A . 1 Ff TA !!! E G III 0