Position in the forward contract

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Amy is a forex trader who has MYR747,000 trading capital. Currently, the spot rate for a U.S. dollar is MYR4.1662 and the 60-day forward rate is MYR 3.7707/USD. If she predicts that the spot rate in 60 days is MYR 4.1578/USD, how much speculative profit (in MYR) can she generate from taking a position in the forward contract (assuming her prediction on the future spot rate is correct)?

Reference no: EM132634775

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