A U.S. bank has 120 million in loans to corporate customers and has 70 million in deposits it owes to customers with the same maturity. The bank has also sold 20 million pounds forward. What is the bank's foreign exchange rate gain or loss if the foreign exchange rate changes from $1.23/ to $1.25/? (rounded) $4.2 million loss $4.2 million gain $910,569 loss $390,244 gain $600,000 gain