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Marie Has Done Some Research and Found That the Spot

question 21

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Marie has done some research and found that the spot rate is C$1.4039 per euro.Her neighbour told her that the three-month forward rate is C$1.44 per euro.If Marie assumes a 1,000 euro long position in the forward contract,what will her profit (loss) be if the spot rate in 3 months is C$1.45 per euro?


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