Business, 27.11.2020 21:00 stormserena

Laura Cervantes is a currency speculator and she sells eight June futures contracts for 500,000 pesos at the futures price of 0.10773 $/MXN. a) What is the value of her position at maturity if the ending spot rate is $0.12002/MXN?
b) What is the value of her position at maturity if the ending spot rate is $0.09802/MXN?

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Laura Cervantes is a currency speculator and she sells eight June futures contracts for 500,000 peso...