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Suppose that you are a currency speculator, based in the U.S., attempting to capitalize on a possible depreciation of the Canadian dollar (C$). On have

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Suppose that you are a currency speculator, based in the U.S., attempting to capitalize on a possible depreciation of the Canadian dollar (C\$). On have C$130,000.00 to use on these positions. In the previous parts of this question, your sold a futures contract for Canadian dollars that will let you receive $89, 700.00 for (C $130,000.00 ) on March 10th. When the Canadian dollar depreciated to $0.61 you purchased C $130,000.00 for $79,300.00 on February 10 th. In total, after the futures contract you sold settles, you will have from these positions totalling TOTAL SCORE: 1/3 (to complete this step and unlock the next step

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