The three-month futures price for the British pound is $1.2820/. You expect the spot price three months from today to be $1.3260/. The British pound contract size is 62,500. How much profit would you make if you buy 35 contracts and the spot price of the pound at futures expiration ended up at $1.2690/E. If you were an MNC and you sell your finished products to a distributer in London for 12.50 million that are due to paid to you in three months, would you buy or sell the pound futures if you decide to hedge your position? c. d. 110