June $2021$ Mexican peso futures contract has a price of $$0\mathrm{.}05179$ per MXN$.$ You believe the spot

price in June will be $$0\mathrm{.}05819$ per MXN$.$ MXN$500,000$ is the contract size of one MXN contract.

Required:

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

b$.$ Calculate your anticipated profits, assuming you take a position in three contracts.

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?

Complete this question by entering your answers in the tabs below.

Calculate your anticipated profits, assuming you take a position in three contracts.

Note: Do not round intermediate calculations. Round your answer to the nearest whole number.

Anticipated profit