_____________________$ C. HEDGING On Nov.1 assume you sold Dec. futures at $1.2258 / P. Enter on #C answer the value of the 600,000 Pounds at the Futures price on Nov.1.

Enter combined net amount Tom answers to #1 and #2 BRITISH POUND -DEC-2016 FUTURES Spot Futures Date Rate PRICE Brit Pound DEC Futures $1.275 $1.265 $1.255 $1.245 $1.235 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-Dec 1.2591 5-Dec 1.2731 1.2258 1.2467 1.2449 1.2573 1.2491 1.2477 1.2421 1.237 1.2489 1.2418 1.251 1.2585 1.2727 $1.225 $1.215 21-Oct 28-Oct 2-Dec 9-Dec 4-Nov 11-Nov 18-Nov 25-Nov - Spot Rate Futures PRICE