The September 2010 Mexican peso futures contract has a price…
The September 2010 Mexican peso futures contract has a price of $0.77275 per 10 MXN. You believe the spot price in September will be $0.83800 per 10 MXN. Calculate your anticipated profits, assuming you take a LONG position in three contracts. MXN500,000 is the contract size of one MXN contract.
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