Describe the profit or loss the company will make in dollars

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On july 1, 2007, a US company enters into a foward contract to buy 10 million British pounds on January 1, 2008. On september 1, 2007, it enters into a foward contract to sell 10 million British pounds on January 1, 2008. Describe the profit or loss the company will make in dollars as a function of the foward exchange rates on July 1, 2007, and September 1, 2007?

Reference no: EM13298092

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