Question
Laura Cervantes is a currency speculator and she sells eight June futures contracts for 500,000 pesos at the futures price of 0.10773 $/MXN. a) What
Laura Cervantes is a currency speculator and she sells eight June futures contracts for 500,000 pesos at the futures price of 0.10773 $/MXN.
a) What is the value of her position at maturity if the ending spot rate is $0.12002/MXN?
b) What is the value of her position at maturity if the ending spot rate is $0.09802/MXN?
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The Worlds First Stock Exchange
Authors: Lodewijk Petram
1st Edition
0231163789,0231537328
