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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 $0.12009/Ps? b. What is the value of her position at maturity if the ending spot rate is $0.09808/Ps? c. What is the value of her position at maturity if the ending spot rate is $0.11003/Ps? a. What is the value of her position at maturity if the ending spot rate is $0.12009/Ps? The value of Amber's position is s. (Round to the nearest cent. Use a minus sign if value is negative.) - Data table (Click on the icon to import the table into a spreadsheet.) Mexican Peso (CME) MXN 500,000, $ per MXN . Low Change Maturity March June Sept Open 0.10953 0.10790 0.10615 High 0.10988 0.10795 0.10815 0.10930 0.10778 0.10610 Settle 0.10958 0.10773 0.10573 Lifetime High Low 0.11000 0.09770 0.10800 0.09730 0.10615 0.09930 Open Interest 34.481.00 3.405.00 1,481.00 Print Done
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