Laura Cervantes. Laura Cervantes, the currency speculator we met in the chapter, sells eight June futures contracts for 500,000 pesos (Ps) at the closing price quoted in: a. What is the value of her position at maturity if the ending spot rate is $0.12005 Ps1.00? b. What is the value of her position at maturity if the ending spot rate is $0.09806 - Ps1.00? c. What is the value of her position at maturity if the ending spot rate is $0.11007 = Ps1.00? Mexican Peso (CME)-MXN 500,000; USD per MXN Lifetime Maturity March June Sept Settle High Low Open 0.10988 0.10930 0.10958 0.10953 0.10790 0.10778 0.10795 0.10773 0.10610 0.10573 0.10615 0.10615 Change High Low Open Interest 0.11000 0.09770 34,481.00 0.10800 0.10615 0.09930 0.09730 3,405.00 1,481.00