Describe the payoff from this strategy

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Reference no: EM131404220

On July 1. 2001, a company enters into a forward contract to buy 10 million Japanese yen on January 1. 2002. On September I. 2001, it enters into a forward contract to sell 10 million Japanese yen on January I. 2002. Describe the payoff from this strategy.

Reference no: EM131404220

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