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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 ()

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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 () to speculate on the value of the pound. a. If Tony buys 5 June pound futures, and the spot rate at maturity is $1.3983/, what is th value of her position? b. If Tony sells 12 March pound futures, and the spot rate at maturity is $1.4565/, what is the value of her position? c. If Tony buys 3 March pound futures, and the spot rate at maturity is $1.4565/, what is the value of her position? d. If Tony sells 12 June pound futures, and the spot rate at maturity is $1.3983/E, what is the value of her position? Data table (Click on the icon p to import the table into a spreadsheet.)

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