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1. An investor enters into a short forward contract to sell 100,000 British pounds for US dollars at an exchange rate of 1.4000 US dollars
1. An investor enters into a short forward contract to sell 100,000 British pounds for US dollars at an exchange rate of 1.4000 US dollars per pound. How much does the investor gain or lose (in terms of dollars) if the exchange rate at the end of the contract is 1.3700 US dollars per pound
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
