June $2019$ Mexican peso futures contract has a price of $$0\mathrm{.}05170$ per MXN$.$ You belleve the spot price in June will be $0\mathrm{.}04509$ per MXN$.$

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

Short position

Long Position

b$.$ Calculate your anticipated profits, assuming you take a position in three contracts. $($Do not round Intermedlate 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 unblased predictor of the future spot price and this price materlalizes? $($A Negative value should be Indlcated with a minus sign. Do not round Intermedlate calculatlons. Round your answer to the nearest whole number.$)$

$$ Profit or loss