Saguaro Funds. Tony Begay, a currency trader for Chicago-based Saguaro Funds, uses futures quotes on the British pound () to speculate on the value of the pound. Use the futures quotes in the table to answer the following questions.

TYPED ANSWER RESPONSES ONLY or EXCEL Table

Tony Begay at Saguaro Funds. Tony Begay, a currency trader for Chicago-based Saguaro Funds, uses the following futures quotes, on the British pound () to speculate on the value of the pound. a. If Tony buys 5 June pound futures, and the spot rate at maturity is $1.3975/, what is the value of her position? b. If Tony sells 12 March pound futures, and the spot rate at maturity is $1.4563/, what is the value of her position? c. If Tony buys 3 March pound futures, and the spot rate at maturity is $1.4563/, what is the value of her position? d. If Tony sells 12 June pound futures, and the spot rate at maturity is $1.3975/, what is the value of her position? Data Table i (Click on the icon to import the table into a spreadsheet.) British Pound Futures, US$/pound (CME) Maturity Open High Low March 1.4246 1.4268 1.4214 June 1.4164 1.4188 1.4146 Settle 1.4228 1.4162 Change 0.0032 0.0030 Contract = 62,500 pounds High Open Interest 1.4700 25,605 1.4550 809 Print Done Tony Begay at Saguaro Funds. Tony Begay, a currency trader for Chicago-based Saguaro Funds, uses the following futures quotes, on the British pound () to speculate on the value of the pound. a. If Tony buys 5 June pound futures, and the spot rate at maturity is $1.3975/, what is the value of her position? b. If Tony sells 12 March pound futures, and the spot rate at maturity is $1.4563/, what is the value of her position? c. If Tony buys 3 March pound futures, and the spot rate at maturity is $1.4563/, what is the value of her position? d. If Tony sells 12 June pound futures, and the spot rate at maturity is $1.3975/, what is the value of her position? Data Table i (Click on the icon to import the table into a spreadsheet.) British Pound Futures, US$/pound (CME) Maturity Open High Low March 1.4246 1.4268 1.4214 June 1.4164 1.4188 1.4146 Settle 1.4228 1.4162 Change 0.0032 0.0030 Contract = 62,500 pounds High Open Interest 1.4700 25,605 1.4550 809 Print Done