Question $13$

Harry, a currency speculator, sells one futures contract for the notional principal of $500,000$ pesos at the settle price of $$.\frac{0675}{P}s.$ What is the value of his position at maturity if the ending spot $$\frac{0\mathrm{.}0780}{P}?$ Your answer should be in US dollars $($do not include the $ sign$),$ and rounded to the nearest dollar. If the answer is negative, include the $"-"$ sign before the number.

Excel Workbook Blank.xlsx

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Question $13$ of $19$