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June 2 0 2 1 Mexican peso futures contract has a price of $ 0 . 0 5 1 7 3 per MXN . You

June 2021 Mexican peso futures contract has a price of $0.05173 per MXN. You believe the spot price in June will be $0.05815 per MXN. MXN500,000 is the contract size of one MXN contract.
Required:
What speculative position would you enter into to attempt to profit from your beliefs?
Calculate your anticipated profits, assuming you take a position in three contracts.
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?

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