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A bank customer will be going to London in June to purchase 100,000 in new inventory. The current spot and futures exchange rate are as

A bank customer will be going to London in June to purchase 100,000 in new inventory. The current spot and futures exchange rate are as follows:

The customer enters into a position in June futures to fully hedge her position. When June arrives, the actual exchange rate is $1.725 per pound. How much did she save?

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