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une 2021 Mexican peso futures contract has a price of $0.05182 per MXN. You believe the spot price in June will be $0.04517 per MXN.

une 2021 Mexican peso futures contract has a price of $0.05182 per MXN. You believe the spot price in June will be $0.04517 per MXN. Required: What speculative position would you enter into to attempt to profit from your beliefs? Calculate your anticipated profits, assuming you take a position in three contracts. What is the size of your profit (loss) if the futures price is indeed an unbiased predictor of the future spot price and this price materializes

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