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June 2019 Mexican peso futures contract has a price of $0.05188 per MXN. You believe...

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June 2019 Mexican peso futures contract has a price of $0.05188 per MXN. You believe the spot price in June will be 0.05825 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) if 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.)

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