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3. Suppose that Dell buys a Swiss franc futures contract (contract size is SFr 125,000) at a price of $0.83. If the spot rate for

3. Suppose that Dell buys a Swiss franc futures contract (contract size is SFr 125,000) at a price of $0.83. If the spot rate for the Swiss franc at the date of settlement is SFr 1 $0.8250, what is Dells gain or loss on this contract?

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