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6. Currency futures have the price of 10,000 euros at $12,000 ($1.20 per euro) 2 years from now; Rosita just entered a contract to buy
6. Currency futures have the price of 10,000 euros at $12,000 ($1.20 per euro) 2 years from now; Rosita just entered a contract to buy 10,000 curos from Carl in 2 years. If the price of a curo is actually $1.50 in 2 years, Carl (loses/makes) $ , and Rosita (loses/makes) $ (2 pts.)
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