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Amber McClain. Amber McClain, the currency speculator we met in the chapter, sells eight June...

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Amber McClain. Amber McClain, the currency speculator we met in the chapter, sells eight June futures contracts for 500,000 pesos at the closing price quoted in Exhibit 7.1 a. What is the value of her position at maturity if the ending spot rate is $0.12000/Ps? b. What is the value of her position at maturity if the ending spot rate is $0.09800/Ps? c. What is the value of her position at maturity if the ending spot rate is $0.11000/Ps? Open Interest High Low Settle Change High Low Maturity Opern Mar June Sept All contracts are for 500,000 Mexican pesos and "Low" to the right of "Change" indicate the highest and lowest prices this specific contract (as defined by its maturity) has e 0.11000 0.09770 34,481.00 3,405.00 1,481.00 " means the high price on the day. "Low" indicates the ttle" is the closing price on the day. "Change" indicates the change in the settle price from the previous day's close. "High 0.10953 0.10988 0.10930 0.10958 0.10790 0.10795 0.10778 0.10773 0.10615 0.10615 0.10610 0.10573 0.10800 0.09730 0.10615 0.09930 . "Open" means the opening price on the day. "High trading history. "Open Interest" indicates the number of contracts outstanding

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