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The March Australian Dollar futures contract has a price of $ 0 . 7 1 7 6 per AUD. You believe the spot price in

The March Australian Dollar futures contract has a price of $

0.7176

per AUD. You believe the spot price in March will be $

0.7068

per AUD. What speculative position would you enter into to attempt to profit from your beliefs? Calculate your anticipated profits, assuming you take a position in four contracts. The Australian Dollar futures contract size is AUD

100, 000 .

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