What is the value of her position at maturity

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Reference no: EM133617008

Problem: Amira Johnson, the currency speculator we met earlier in the chapter, sells eight June futures contracts for 500,000 pesos at the closing price quoted of June futures contracts is 0.10773. What is the value of her position at maturity if the ending spot rate is $0.12000/Ps? What is the value of her position at maturity if the ending spot rate is 0.09800/Ps? What is the value of her position at maturity if the ending spot rate is 0.11000/Ps?

Reference no: EM133617008

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