If peter was to speculate in the currency futures market, Financial Management

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If peter was to speculate in the currency futures market

Peter Simpson thinks that the U.K. pound will cost $1.75/£ in six months. A 6-month currency futures contract is available today at a rate of $1.78/£. If Peter was to speculate in the currency futures market, and his expectations are correct, which of the following strategies would earn him a profit?

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