A. It's now Oct. 28 (refer to data table). You need to buy 400,000 Pounds in late November. What is the amount 400,000 Pounds costs to buy at Oct-28 Spot price now?

B. If you did not hedge, buying 400,000 Pounds at the later Nov.30 Spot price would cost what amount of $ at Nov.30 Spot price.?

(B2). What is the difference? By not hedging, the difference (indicate (+$) for gain or (-$) for loss) in the amount received from buying the 400,000 Pounds Nov.30 compared to Oct. 28 is?

C. HEDGING On Oct-28 assume you bought Dec. futures at $1.2201 / P. What is the value of the 400,000 Pounds at the Futures price on Oct-28.

D. It's now Nov.30 (assume you bought Dec. futures at the $1.2201 / P price on Oct.28.) You close your 400,000 Pounds futures position on Nov.30 at the futures price of $1.251 / P. Enter on #D answer space the Futures value of the 400,000 Pounds at Nov.30 Futures price.

(D2). What is the difference? Enter the $ amount of the Futures position GAIN (+$) or LOSS (-$)

(D3). What is the NET combined $ effect on Nov.30 with Futures hedge started on Oct.28 Enter combined net amount from answers to #1 and #2

I have been struggling with this question for weeks. I will give thumbs UP to anyone who can help finish it! Thanks

BRITISH POUND -DEC-2016 FUTURES Spot Futures Date Rate PRICE Brit Pound DEC Futures $1.275 $1.265 $1.255 $1.245 28-Oct 1.2186 31-Oct 1.2242 1-Nov 1.2244 3-Nov 1.2463 7-Nov 1.2406 10-Nov 1.2554 14-Nov 1.2492 15-Nov 1.2454 17-Nov 1.2418 18-Nov 1.2346 21-Nov 1.2493 28-Nov 1.2418 30-Nov 1.2506 1.2201 1.2254 1.2258 1.2467 1.2449 1.2573 1.2491 1.2477 1.2421 1.237 1.2489 1.2418 1.251 $1.235 $1.225 $1.215 21-Oct 28-Oct 4-Nov 11-Nov 18-Nov 25-Nov 2-Dec 9-Dec -Spot Rate - Futures PRICE BRITISH POUND -DEC-2016 FUTURES Spot Futures Date Rate PRICE Brit Pound DEC Futures $1.275 $1.265 $1.255 $1.245 28-Oct 1.2186 31-Oct 1.2242 1-Nov 1.2244 3-Nov 1.2463 7-Nov 1.2406 10-Nov 1.2554 14-Nov 1.2492 15-Nov 1.2454 17-Nov 1.2418 18-Nov 1.2346 21-Nov 1.2493 28-Nov 1.2418 30-Nov 1.2506 1.2201 1.2254 1.2258 1.2467 1.2449 1.2573 1.2491 1.2477 1.2421 1.237 1.2489 1.2418 1.251 $1.235 $1.225 $1.215 21-Oct 28-Oct 4-Nov 11-Nov 18-Nov 25-Nov 2-Dec 9-Dec -Spot Rate - Futures PRICE