Question 19 (1 point) Suppose today you SELL 16 two-month contracts of euro futures for $1.17. A month later, you offset your position at a futures price of $1.15. Calculate your TOTAL futures profit/loss. 1) $40,000 2) $2,500 3) $125,000 4) -$0.32 5) -$2.500 Question 20 (1 point) Suppose you plan to transfer $8 million South African rands to the U.S. four months from today. You are afraid the South African currency will in the future, at the time of transfer. To hedge this exchange rate risk, you decide to South African rands. 1) Rise; sell 2) Fall; sell 3) Fall; buy 4) Rise; buy 5) Incomplete information