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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 $0.70500
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 $0.70500 per 10 MXN. What speculative position would you enter to attempt to profit from your beliefs? Group of answer choices
you would take a long position in futures since the futures price of $0.77275 is greater than your expected spot price.
you would take a short position in futures since the futures price of $0.77275 is greater than your expected spot price.
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