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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 (E)
Tony Begay at Saguaro Funds. Tony Begay, a currency trader for Chicago-based Saguaro Funds, uses the following futures quotes, , on the British pound (E) to speculate on the value of the pound. a. If Tony buys 5 June pound futures, and the spot rate at maturity is $1.3984/E, what is the value of her position? b. If Tony sells 12 March pound futures, and the spot rate at maturity is $1.4558/E, what is the value of her position? c. If Tony buys 3 March pound futures, and the spot rate at maturity is $1.4558/E, what is the value of her position? d. If Tony sells 12 June pound futures, and the spot rate at maturity is $1.3984/E, what is the value of her position? a. If Tony buys 5 June pound futures, and the spot rate at maturity is $1.3984/E, 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.) - X Data table (Click on the icon ( to import the table into a spreadsheet.) British Pound Futures, US$/pound (CME Contract = 62,500 pounds Maturity Oper High Low Settle Change High Open Interest March .4246 1.4268 1.4214 1.4228 0.0032 1.4700 25,605 June 1.4164 1.4188 1.4146 1.4162 0.0030 1.4550 809 Print Done
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