Business, 01.10.2019 06:00, elizabethseoane1829

1. helen luong, a currency trader for pegasus partners, uses the following futures quotes on the british pound (£) to speculate on the value of the pound. british pound futures, us$/pound (cme) contract = 62,500 pounds 1 contract is £62,500 open maturity open high low settle change interest march 1.4432 1.4471 1.4422 1.4468 0.0036 25,605 june 1.4275 1.4296 1.4267 1.4280 0.0005 809 a. if helen buys 5 june pound futures, and the spot rate at maturity is $1.4042/£, what is the value of her position? b. if helen sells 12 march pound futures, and the spot rate at maturity is $1.4632/£, what is the value of her position? c. if helen buys 3 march pound futures, and the spot rate at maturity is $1.4632/£, what is the value of her position?

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1. helen luong, a currency trader for pegasus partners, uses the following futures quotes on the bri...