The Mexican peso futures contract is trading at $0\mathrm{.}05682$ $$/$MXN$.$ Contract size for the Mexican

peso future is $500,000$ pesos. You believe the spot price will be $0\mathrm{.}05711$ $$/$MXN at expiration.

What speculative position would you enter into to profit from your beliefs? Calculate your

anticipated profits assuming you take a position in three contracts. What is the size of your

profit or loss if the futures price is indeed an unbiased predictor of the future spot price and this

price materialize? Do problem $1$ again assuming you believe the spot price will be $0\mathrm{.}05623$ $$/$MXN at expiration