22. A forward currency contract permit parties to exchange currencies on a future date, say nine months in the future, at an exchange rate agreed at the time the contract is settled. The exchange rate on a nine month forward is currently MXN 19.45 per USD. If the firm in the previous question sells the MXN proceeds at the forward rate instead of its forecasted future exchange rate, what will be the profit or loss? This is "covered interest arbitrage", a basic time value of money problem. a. $45,410 b. $30,600 C. $7,847+ d. $4,161 e. $3,715