International Finance

QUESTION 25 Ngoc Le thinks that the U.K. pound will cost $1.75/f in six months. A 6-month currency futures contract is available today at a rate of $1.77/E. If Ngoc Le was to speculate in the currency futures market, and his expectations are correct, which of the following strategies would earn him a profit? O A. Sell a pound currency futures contract. O B. Buy a pound currency futures contract. O C. Sell pounds today. O D. Sell pounds in six months