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Use the following information to answer Questions 8-9: Suppose that the June 2023 Mexican peso futures contract has a current price of $0.05223/MXN and a

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Use the following information to answer Questions 8-9: Suppose that the June 2023 Mexican peso futures contract has a current price of $0.05223/MXN and a contract size of MXN500,000. A speculator believes that the spot price in June 2023 will be $0.05112/MXN. 8. The speculator's anticipated profit from a a. long; MXN1,110 position in 2 pese contracts equals b: short; MN1,110 c.) long; $1,110 of short; $1,110

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