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

$0.09802/Ps?

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

$0.11003/Ps?
 

Mexican Peso (CME) MXN 500,000, $ per MXN Lifetime Maturity Open High Low Settle Change Open Interest High 0.11000 Low March 0.10953 0.10988 0.10930 0.10958 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 ...