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Tony Begay at Saguaro Funds. Tony​ Begay a currency trader for​Chicago-based Saguaro​ Funds, uses the following futures​ quotes

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 ​$1.39771.3977​/£, what is the value of her​position?

b. If Tony sells 12 March pound​ futures, and the spot rate at maturity is ​$1.45611.4561​/£, what is the value of her​position?

c. If Tony buys 3 March pound​ futures, and the spot rate at maturity is ​$1.45611.4561​/£, what is the value of her​position?

d. If Tony sells 12 June pound​ futures, and the spot rate at maturity is ​$1.39771.3977​/£, what is the value of her​position?

Jan 31 2020 View more View Less

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