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 3 Change Maturity March June Sept Open 0.10953 0.10790 0.10615 High 0.10988 0.10795 0.10615 Low 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