What speculative position would you enter

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Question - The September 2016 Australian Dollar futures contract has a price of $0.7136 per AUD. You believe the spot price in September will be $0.7218 per AUD. 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. The Australian Dollar futures contract size is AUD100,000.

Reference no: EM132978000

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