Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. please help of you know answer june 2019 mexic

please help of you know answer June 2019 Mexican peso futures...

90.2K

Verified Solution

Question

Finance

please help of you know answer
image
June 2019 Mexican peso futures contract has a price of $0.05170 per MXN. You believe the spot price in June will be 0.05813 per MXN a. What speculative position would you enter into to attempt to profit from your beliefs? O Short position O Long Position b. Calculate your anticipated profits, assuming you take a position in three contracts. (Do not round Intermediate calculations. Round your answer to the nearest whole number:) Anticipated profit c. What is the size of your profit (loss) of the futures price is indeed an unbiased predictor of the future spot price and this price materializes? (A Negative value should be indicated with a minus sign. Do not round intermediate calculations. Round your answer to the nearest whole number.) Profit or loss

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students