The September 2010 Mexican peso futures contract has a price of $0.77275 per 10 MXN. You believe the spot price in September will be $0.83800 per 10 MXN. Calculate your anticipated profits, assuming you take a LONG position in three contracts. MXN500,000 is the contract size of one MXN contract. Group of answer choices

Your anticipated profit from a long position in three contracts is: 3 x ($0.083800 - $0.077275) x MXN500,000 = $9,787.50

Your anticipated profit from a long position in three contracts is: 3 x ($0.83800 - $0.77275) x MXN500,000 = = $97,870.50