The mexican peso futures contract is trading at 0.07713 $/mxn. contract size for the mexican peso future is 500,000 pesos. you believe the spot price will be 0.08365 $/mxn at expiration. what speculative position would you enter into to profit from your beliefs? calculate your anticipated profits assuming you take a position in three contracts. what is the size of your profit or loss if the futures price is indeed an unbiased predictor of the future spot price and this price materializes?

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.