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\mathrm{.}3976=1\mathrm{.}00,$ what is the value of her position?

b$.$ If Tony sells $12$ March pound futures, and the spot rate at maturity is $$1\mathrm{.}4563=1\mathrm{.}00,$ what is the value of her position?

c$.$ If Tony buys $3$ March pound futures, and the spot rate at maturity is $$1\mathrm{.}4563=1\mathrm{.}00,$ what is the value of her position?

d$.$ If Tony sells $12$ June pound futures, and the spot rate at maturity is $$1\mathrm{.}3976=1\mathrm{.}00,$ what is the value of her position?