on the British pound () to Tony Begay at Saguaro Funds. Tony Begay, a currency...
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on the British pound () to Tony Begay at Saguaro Funds. Tony Begay, a currency trader for Chicago-based Saguaro Funds, uses the following futures quotes, speculate on the value of the pound. a. If Tony buys 5 June pound futures, and the spot rate at maturity is $1.3984/, what is the value of her position? b. If Tony sells 12 March pound futures, and the spot rate at maturity is $1.4564/, what is the value of her position? c. If Tony buys 3 March nound futuroc_and tho cnotrato at maturity ic (1 15646 what is the value of bor nosition2 d. If Tony sells 11 Data table - X a. If Tony buys 5 (Click on the icon o to import the table into a spreadsheet.) The value of Ton British Pound Futures, US$/pound (CME) Maturity Open High Low March 1.4246 1.4268 1.4214 June 1.4164 1.4188 1.4146 Settle 1.4228 1.4162 Change 0.0032 0.0030 Contract = 62,500 pounds High Open Interest 1.4700 25,605 1.4550 809 Print Done
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