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NEED A B AND C Laura Cervantes. Laura Cervantes is a currency speculator and she sells eight June futures contracts for 500,000 pesos at the
NEED A B AND C
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: 2 a. What is the value of her position at maturity if the ending spot rate is $0.12002/Ps? b. What is the value of her position at maturity if the ending spot rate is $0.09804/Ps? c. What is the value of her position at maturity if the ending spot rate is $0.11005/Ps? - Data table (Click on the icon to import the table into a spreadsheet.) Mexican Peso (CME) MXN 500,000, $ per MXN Low Settle Change Maturity March June Sept Open 0.10953 0.10790 0.10615 High 0.10988 0.10795 0.10615 0.10930 0.10778 0.10610 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
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