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Tony Begay at Saguaro Funds. Tony Begay, a currency trader for Chicago-based Saguaro Funds, uses the following futures quotes , on the British pound ()
Tony Begay at Saguaro Funds. Tony Begay, a currency trader for Chicago-based Saguaro Funds, uses the following futures quotes , on the British pound () to speculate on the value of the pound. a. If Tony buys 5 June pound futures, and the spot rate at maturity is $1.3979/, what is the value of her position? b. If Tony sells 12 March pound futures, and the spot rate at maturity is $1.4555/, what is the value of her position? c. If Tony buys 3 March pound futures, and the spot rate at maturity is $1.4555/, what is the value of her position? d. If Tony sells 12 June pound futures, and the spot rate at maturity is $1.3979/, what is the value of her position? a. If Tony buys 5 June pound futures, and the spot rate at maturity is $1.3979/, what is the value of her position? The value of Tony's position is $ (Round to the nearest cent. Use a minus sign if value is negative.) b. If Tony sells 12 March pound futures, and the spot rate at maturity is $1.4555/, what is the value of her position? The value of Tony's position is $ (Round to the nearest cent. Use a minus sign if value is negative.) c. If Tony buys 3 March pound futures, and the spot rate at maturity is $1.4555/, what is the value of her position? The value of Tony's position is $. (Round to the nearest cent. Use a minus sign if value is negative.) d. If Tony sells 12 June pound futures, and the spot rate at maturity is $1.3979/, what is the value of her position? The value of Tony's position is $ (Round to the nearest cent. Use a minus sign if value is negative.) Data table (Click on the icon to import the table into a spreadsheet.)
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