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How much does the investor gain or lose if the exchange

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An investor enters into a short forward contract to sell 100, 000 British pounds for US dollars at an exchange rate of 1.5000 US dollars per pound. How much does the investor gain or lose if the exchange rate at the end of the contract is (a) 1.4900 and (b) 1.5200?

Reference no: EM13590273

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