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A U.S. company exports products to a Chinese firm and will receive a payment of 1,887,510 in a year. Today's spot rate of yuan is

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A U.S. company exports products to a Chinese firm and will receive a payment of 1,887,510 in a year. Today's spot rate of yuan is $0.1547 and the 1-year forward rate is $0.1584. The company enters the forward contract. One year later the spot rate of yuan is $0.1551. What is the payoff of the company's forward position? Answer format: Round to two decimals. Example :$1.12

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