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i Tony Begay at Saguaro Funds. Tony Begay, a currency trader for Chicago-based Saguaro...

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Tony Begay at Saguaro Funds. Tony Begay, a currency trader for Chicago-based Saguaro Funds, uses the following futures quotes, E, on the British pound () to speculate on the value of the pound. a. If Tony buys 5 June pound futures, and the spot rate at maturity is $1.3982/, what is the value of her position? b. If Tony sells 12 March pound futures, and the spot rate at maturity is $1.4561/, what is the value of her position? c. If Tony buys 3 March pound futures, and the spot rate at maturity is $1.4561/, what is the value of her position? d. If Tony sells 12 June pound futures, and the spot rate at maturity is $1.3982/, what is the value of her position? Data table (Click on the icon to import the table into a spreadsheet.) Settle British Pound Futures, US$/pound (CME) Maturity Open High Low March 1.4246 1.4268 1.4214 June 1.4164 1.4188 1.4146 Contract = 62,500 pounds High Open Interest 1.4700 25,605 1.4550 809 Change 0.0032 0.0030 1.4228 1.4162 Print Done

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