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1 contract = 100 shares Question 34 Save Answer You are short 10 contracts of 1-yr pound forward with a delivery price (K) of $1.60

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1 contract = 100 shares

Question 34 Save Answer You are short 10 contracts of 1-yr pound forward with a delivery price (K) of $1.60 (dollar price of pound). What will be your payoff at expiry if the pound exchange rate at expiry (S_T) is $1.60

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