A trader enters into two SHORT forward contracts to sell British pounds at an exchange rate of 1.40 US dollars per pound. The contract size is 100,000 British pounds for US dollars. How much does the trader gain or lose if the exchange rate at the end of the contract is 1.35? A. +$5,000 B. - $5,000 C. +$10,000 D. - $10,000

A trader enters into two SHORT forward contracts to sell British pounds at an exchange rate of 1.40 US dollars per pound. The contract size is 100,000 British pounds for US dollars. How much does the trader gain or lose if the exchange rate at the end of the contract is 1.35 ? A. +$5,000 B. $5,000 C. +$10,000 D. $10,000