June $2019$ Mexican peso futures contract has a price of $$0\mathrm{.}05200$ per MXN$.$ You believe the spot price in June will be $0\mathrm{.}04529$ per $MxN.$

a$.$ What speculative position would you enter into to attempt to profit from your beliefs?

Short position

Long Position

b$.$ Calculate your anticipated profits, assuming you take a position in three contracts. $($Do not round intermediate calculations. Round your answer to the nearest whole number.$)$

Anticipated profit

c$.$ What is the size of your profit $($loss$)$ if the futures price is indeed an unbiased predictor of the future spot price and this price materializes? $($A Negative value should be indicated with a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.$)$

Profit or loss