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A currency trader uses the Swiss franc futures quotes below to speculate on the value of the Swiss franc. Use the table below to answer
A currency trader uses the Swiss franc futures quotes below to speculate on the value of the Swiss franc. Use the table below to answer the questions that follow it.. Ignore transactions costs and daily resettlement. a. If the trader buys 5 June Swiss franc futures, and the spot rate at maturity is $0.7963/CHF, what is the value of their position? b. If the trader sells 12 March Swiss franc futures, and the spot rate at maturity is $0.8963/CHF, what is the value of their position? c. If the trader buys 3 March Swiss franc futures, and the spot rate at maturity is $0.8963/CHF, what is the value of their position? d. If the trader sells 12 June Swiss franc futures, and the spot rate at maturity is $0.7963/CHF, what is the value
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