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:

LOADING...

.

a. What is the value of her position at maturity if the ending spot rate is

$0.12007/Ps?

b. What is the value of her position at maturity if the ending spot rate is

$0.09809/Ps?

c. What is the value of her position at maturity if the ending spot rate is

$0.11002/Ps?

Maturity	Open	High	Low	Settle	Change	High	Low	Open Interest
March	0.10953	0.10988	0.10930	0.10958		0.11000	0.09770	34,481.00
June	0.10790	0.10795	0.10778	0.10773		0.10800	0.09730	3,405.00
Sept	0.10615	0.10615	0.10610	0.10573		0.10615	0.09930	1,481.00

a. What is the value of her position at maturity if the ending spot rate is

$0.12007/Ps?

The value of Amber's position is

$enter your response here.

(Round to the nearest cent. Use a minus sign if value is negative.)

Part 2

b. What is the value of her position at maturity if the ending spot rate is

$0.09809/Ps?

The value of Amber's position is

$enter your response here.

(Round to the nearest cent. Use a minus sign if value is negative.)

Part 3

c. What is the value of her position at maturity if the ending spot rate is

$0.11002/Ps?

The value of Amber's position is

$enter your response here