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3. Paul enters into a forward contract with Tim. Paul is obligated to sell the underlying asset to Tim at expiration at the forward price

3. Paul enters into a forward contract with Tim. Paul is obligated to sell the underlying asset to Tim at expiration at the forward price of F. If the spot price at expiration were S, Paul's payoff would be $10. If the spot price at expiration were 20% higher, Tim's payoff would be $18. Determines

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