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 $1.39771.3977/, what is the value of her position?

b. If Tony sells 12 March pound futures, and the spot rate at maturity is $1.45611.4561/, what is the value of her position?

c. If Tony buys 3 March pound futures, and the spot rate at maturity is $1.45611.4561/, what is the value of her position?

d. If Tony sells 12 June pound futures, and the spot rate at maturity is $1.39771.3977/, what is the value of her position?

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 $1.3977/, what is the value of her position? b. If Tony sells 12 March pound futures, and the spot rate at maturity is $1.4561/, what is the value of her position? c. If Tony buys 3 March pound futures, and the spot rate at maturity is $1.4561/, what is the value of her position? d. If Tony sells 12 June pound futures, and the spot rate at maturity is $1.3977/, what is the value of her position? i Data Table (Click on the icon to import the table into a spreadsheet.) British Pound Futures, US$/pound (CME) Maturity Open High Low March 1.4246 1.4268 1.4214 June 1.4164 1.4188 1.4146 Settle 1.4228 1.4162 Contract = 62,500 pounds Change High Open Interest 0.0032 1.4700 25,605 0.00301.4550 809