for $1.192. One futures contract on the Euro is for 125,000 Euros and the contract expires on June 16th). What will the June 2021 futures price be on Dec. 16th 2020, (Hint: there are 180 days between Dec. 16th and June 16th) if the spot price on the Euro moves to $1.142/1 EUR on Dec. 16th? Assume the June Euro futures contract will be selling at an annualized forward premium of 1.5% on Dec 16th. Hint: F = S*(1+p) June Futures Contract price will be _________on Dec. 16th.
Fig: 1
Fig: 2
Fig: 3