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An investor enters into a short forward contract to sell GBP 200,000 for USD at an exchange rate of $1.6/GBP. How much does the investor

An investor enters into a short forward contract to sell GBP 200,000 for USD at an exchange rate of $1.6/GBP. How much does the investor gain or lose if the exchange rate at the end of the contract is $1.58/GBP?

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