Bectel, Inc. expects to sell merchandise for C($1,000,000) to a Canadian customer at the end of November,

Question:

Bectel, Inc. expects to sell merchandise for C$$1,000,000$ to a Canadian customer at the end of November, 2017. In anticipation of this forecasted transaction, on August 30, 2017, Bectel sold C$$1,000,000$ forward for delivery on November 30, 2017. Bectel made the sale as expected on November 30, and settled the forward contract. Relevant exchange rates (S/C$$)$ are as follows:

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