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June 2019 Mexican peso futures contract has a price of $0.05203 per MXN. You believe the spot price in June will be 0.05835 per MXN.

June 2019 Mexican peso futures contract has a price of $0.05203 per MXN. You believe the spot price in June will be 0.05835 per MXN.

a) 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.)

b) 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.)

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