Amber McClain, a currency speculator

Amber McClain, a currency speculator

Amber McClain, a currency speculator, sells eight June futures contracts for 500,000 pesos at the closing price quoted at $0,10773/Ps.1. What is the value of her position at maturity if the ending spot rate is $0.12000/Ps?2.What is the value of her position at maturity if the ending spot rate is $0.09800/Ps?3.What is the value of her position at maturity if the ending spot rate is $0.11000/Ps?

Black River Investments

A. If Jennifer buys 5 June pound futures, and the spot rate at maturity is $ 1.3980/pound, what is the value of her position?

B. If Jennifer sells 12 March pound futures, and the spot rate at maturity is $ 1.4560/pound, what is the value of her position?

C. If Jennifer buys 3 March pound futures, and the spot rate at maturity is $1.4560/pounds, what is the value of her position?

D.If Jennifer sells 12 June pounds futures, and the spot rate at maturity is $ 1.3980/pounds, what is the value of her position?

Giri the Contrarian

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A. Should Giri buy a put on Canadian dollars or a call on Canadian dollars?

B. Using your answer to pat a, what is Giri’s breakeven price?

C.Using your answer to part a, what is Giri’s gross profit and net profit (including the premium) if the spot rate at the end of the 90 days is indeed $0.7600/C$?

D. Using your answer to part a, what is Giri’s gross profit and net profit (including the premium) if the spot rate at the end of the 90 days is indeed $0.8250/C$?

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