Calculate the profi-loss in whole dollar amount

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You buy £20,000 forward today at a forward price of $1.90/£ when the spot price is $1.87/£. At expiration, the spot price is $1.91/ £. You will _______ (please fill in either profit or lose) _____ $/£ (please leave 2 decimal points for the profit/loss in $ per £).

Your total profit/loss will be $ ____ (please calculate the profit/loss in whole dollar amount, use negative sign in front of the number to indicate loss).

Reference no: EM133120135

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