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A currency trader purchases a 6-month forward contract for Euro (EUR) with a contract size of 125,000EUR at a price of 1.40CAD/EUR. At the contract

A currency trader purchases a 6-month forward contract for Euro (EUR) with a contract size of 125,000EUR at a price of 1.40CAD/EUR. At the contract expiration date, the contract is settled at a price of 1.50CAD/EUR. What is the profit/loss the trader makes?

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