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4 . Estimate the expected profit or loss; It an investor sold a one - year futures contract today on one million Canadian dollars and

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4 . Estimate the expected profit or loss; It an investor sold a one - year futures contract today on one million Canadian dollars and settled this contract on the settlement date . Information for the contract is as follows :" FFF EXISTS Canadian inflation next year expected to be 3 percent United States inflation next year expected to be & percent Spot rate for Canadian dollar is $0. 90 One Year futures contract for Canadian dollar is priced at $50. 87

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