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A trader enters into a short forward contract on 100 million yen. The forward exchange rate is $0.0098 per yen. How much does the trader

A trader enters into a short forward contract on 100 million yen. The forward exchange rate is $0.0098 per yen. How much does the trader gain or lose if the exchange rate at the end of the contract out to be $0.0103 per yen

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