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Laura Cervantes. Laura Cervantes is a currency speculator and she sells eight June futures contracts for 500,000 pesos at the closing price quoted here: a.
Laura Cervantes. Laura Cervantes is a currency speculator and she sells eight June futures contracts for 500,000 pesos at the closing price quoted here: a. What is the value of her position at maturity if the ending spot rate is $0.12005/ Ps? b. What is the value of her position at maturity if the ending spot rate is $0.09804/Ps ? c. What is the value of her position at maturity if the ending spot rate is $0.11006/P s? a. What is the value of her position at maturity if the ending spot rate is $0.12005/ Ps? The value of Amber's position is (Round to the nearest cent. Use a minus sign if value is negative.)
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