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A. One year ago, you signed a forward contract in which you agreed to buy GBP 23,370 for USD at a rate of USD 1.188

A. One year ago, you signed a forward contract in which you agreed to buy GBP 23,370 for USD at a rate of USD 1.188 per GBP. Today, the spot rate is USD 1.298 per GBP. What are your dollar profits or losses compared to purchasing your GBP on the open market? Please give an answer to the nearest dollar.

B. You hold the short leg of a call option that matures today. The underlying asset is MXN 18,454, the strike price is 21.52, and the current market exchange rate is 21.83. Disregarding the option premium, what is your payout on this option in USD? Please give your answer to the nearest dollar.

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