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3. An investor enters a short position in a one-month forward contract on 750,000 British pounds at a forward price of 1.0569. When the contract

3. An investor enters a short position in a one-month forward contract on 750,000 British pounds at a forward price of 1.0569. When the contract expires, the exchange rate for British pounds is 1.0614. What is the cash flow for the investor? without excel

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