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7.2 Laura Cervantes. Laura Cervantes, the currency speculator we met in this chapter, sells eight June futures contracts for 500,000 pesos at the closing price

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7.2 Laura Cervantes. Laura Cervantes, the currency speculator we met in this chapter, sells eight June futures contracts for 500,000 pesos at the closing price quoted in Exhibit 71 a. What is the value of her position at maturity if the ending spot rate is $0.12000/Ps? ending spot rate is $0.09800/Ps? ending spot rate is $0.11000/Ps? b. What is the value of her position at maturity if the c. What is the value of her position at maturity if the 7.2 Laura Cervantes. Laura Cervantes, the currency speculator we met in this chapter, sells eight June futures contracts for 500,000 pesos at the closing price quoted in Exhibit 71 a. What is the value of her position at maturity if the ending spot rate is $0.12000/Ps? ending spot rate is $0.09800/Ps? ending spot rate is $0.11000/Ps? b. What is the value of her position at maturity if the c. What is the value of her position at maturity if the

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