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Jesus and Angela both arc currency traders in United Bank of E1 Paso. They have different expectations concerning the value of the British pound. Angela

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Jesus and Angela both arc currency traders in United Bank of E1 Paso. They have different expectations concerning the value of the British pound. Angela buys 10 March contracts. If the spot rate at maturity is $1.4875/pound. What will be her profit? (a) $40437.5 (b) -$404375 (c) pound 40437.5 (d) - pound 40437.5 Jesus sells 8 June contracts. If the spot rate at maturity is $1, 4775/pound. What will be his profit? (a) $30650 (b) pound 30650 (c) -$30650 (d) -pound 30650

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