4. Futures Speculation (10 points) a) Go to CME Group's website and find the contract specification and quotes for British pound FX futures. Complete the table below. Please report the date and time when you get the data and include a screenshot of the data. Currency: British pound Maturity Prior Settle Contract Size Dec 2020 b) If you believe British will appreciate in value against USD and you expect the spot rate to be 1.4225 in December, what should you do? c) If you believe British will depreciate in value against USD and you expect the spot rate to be 1.2150 in December, what should you do? d) If you buy 3 December British pound futures and the sport rate at maturity is 1.3960, what is the value of your position? Is it a gain or loss? Please illustrate it in the graph. e) If you sell 10 December British pound futures and the sport rate at maturity is 1.2540, what is the value of your position? Is it a gain or loss? Please illustrate it in the graph. 4. Futures Speculation (10 points) a) Go to CME Group's website and find the contract specification and quotes for British pound FX futures. Complete the table below. Please report the date and time when you get the data and include a screenshot of the data. Currency: British pound Maturity Prior Settle Contract Size Dec 2020 b) If you believe British will appreciate in value against USD and you expect the spot rate to be 1.4225 in December, what should you do? c) If you believe British will depreciate in value against USD and you expect the spot rate to be 1.2150 in December, what should you do? d) If you buy 3 December British pound futures and the sport rate at maturity is 1.3960, what is the value of your position? Is it a gain or loss? Please illustrate it in the graph. e) If you sell 10 December British pound futures and the sport rate at maturity is 1.2540, what is the value of your position? Is it a gain or loss? Please illustrate it in the graph