Calculate anticipated profits assuming take a position

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On March 23, 2020, the June 2020 Mexican peso futures contract has a price of $0.05481/Peso. You believe that the spot price in June will be $0.06311/Peso. 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. Peso 500,000 is the contract size of one Peso contract.

Reference no: EM132491354

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