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\mathrm{.}12003=$ Ps $1\mathrm{.}00?$

b$.$ What is the value of her position at maturity if the ending spot rate is $$0\mathrm{.}09806=$ Ps $1\mathrm{.}00?$

c$.$ What is the value of her position at maturity if the ending spot rate is $$0\mathrm{.}11003=$ Ps $1\mathrm{.}00?$

a$.$ What is the value of her position at maturity if the ending spot rate is $$0\mathrm{.}12003=Ps1\mathrm{.}00?$

The value of Amber's position is $$,.($Round to the nearest cent. Use a minus sign if value is negative.$)$

b$.$ What is the value of her position at maturity if the ending spot rate is $$0\mathrm{.}09806=Ps1\mathrm{.}00?$

The value of Amber's position is $ $.($Round to the nearest cent. Use a minus sign if value is negative.$)$

c$.$ What is the value of her position at maturity if the ending spot rate is $$0\mathrm{.}11003=$ Ps $1\mathrm{.}00?$

The value of Amber's position is $$,.($Round to the nearest cent. Use a minus sign if value is negative.$)$