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What is the expected dollar profit from speculation

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Question - The current spot GBP/USD rate is 1.9456 and the three-month forward rate is 1.9124. Based on your analysis of the exchange rate, you are pretty confident that the spot exchange rate will be 1.9233 in three months. Assume that you would like to trade £4,000,000 in the forward market. What is the expected dollar profit from speculation?

Reference no: EM132920560

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