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Laura Cervantes, the currency speculator we met earlier in the chapter, sells eight June futures contracts for 500,000 pesos at the closing price quoted in

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Laura Cervantes, the currency speculator we met earlier in the chapter, sells eight June futures contracts for 500,000 pesos at the closing price quoted in Exhibit 7.1. a. What is the value of her position at maturity if the ending spot rate is $0.12000/Ps ? b. What is the value of her position at maturity if the ending spot rate is 50.09800/Ps ? c. What is the value of her position at maturity if the ending spot rate is $0.11000/Ps

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