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QUESTION
The current spot exchange rate is $1.8350/ and the three-month forward rate is $1.8662/. You enter into a long position on 130,000. At maturity, the...
The current spot exchange rate is $1.8350/£ and the three-month forward rate is $1.8662/£. You enter into a long position on £130,000. At maturity, the spot exchange rate is $1.8867/£. How much have you made or lost?
