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A year ago you took a one-year long Sf forward position with a contract amount of A$= $1000. The 1-year forward rate was 1.15 Sf/$.

A year ago you took a one-year long Sf forward position with a contract amount of A$= $1000. The 1-year forward rate was 1.15 Sf/$. With 5 months left until delivery time, the spot is now 1.20 Sf/$, the one-year USD interest rate is 5% and the one-year Swiss interest rate is 4%. What is MTM of the long position?

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