How much does the investor gain or ose if the exchange rate

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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 $1.500/pounds. How much does the investor gain or ose if the exchange rate at the end of hte contract is (a) $1.4900/pound and (b) $1.5200/pound?

Reference no: EM131450437

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