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An investor enters into a short forward contract on 192 thousand GBP for 1.55 USD each. How much does the investor profit if the exchange
An investor enters into a short forward contract on 192 thousand GBP for 1.55 USD each. How much does the investor profit if the exchange rate at the end of the contract is 1.45 USD/GBP?
Note: GBP is British pounds, USD is US dollar.
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