Helen Luong, a currency trader for Pegasus Partners, uses the following futures quotes on the British pound

() to speculate on the value of the pound.

British Pound Futures, US$/pound (CME)														Contract = 62,500 pounds
1 contract is 62,500														Open
Maturity		Open		High		Low		Settle		Change				Interest
March		1.4432		1.4471		1.4422		1.4468		0.0036				25,605
June		1.4275		1.4296		1.4267		1.4280		0.0005				809

a. If Helen buys 5 June pound futures, and the spot rate at maturity is $1.4042/, what is the value of her position?

b. If Helen sells 12 March pound futures, and the spot rate at maturity is $1.4632/, what is the value of her position?

c. If Helen buys 3 March pound futures, and the spot rate at maturity is $1.4632/, what is the value of her position?

d. If Helen sells 12 June pound futures, and the spot rate at maturity is $1.4042/, what is the value of her position?