Question 1 (6 points) . A speculator bought February futures contracts (covering 187,500 SwFr) on a Monday morning at $1.0850/SwFr. When they closed their futures position, the futures price was $1.0710/SwFr Their resulting total net amount from this speculation is a) $2,625 loss b) $2,625 gain c) $875.00 gain d) $875.00 loss e) none of these 4 other choices Question 2 (6 points) In 4 months You will receive and immediately sell 187,500 Pounds. The current Spot price is $1.2795/P and if you decide to hedge with futures, the futures price is