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Assume you take a long GBP position with the maturity of 1 Year at the following forward rate: F1USD/GBP = 1.51. Assume the contract amount

Assume you take a long GBP position with the maturity of 1 Year at the following forward rate: F1USD/GBP = 1.51. Assume the contract amount is: AUSD = 2,000,000. Todays USD/GBP spot rate is: X0USD/GBP = 1.55. The 1-Year interest rates for GBP is 3%; the USD 1-Year interest rate is 5%. The Size (ZGBP) of the forward position is...

A. GBP 1,250,000.00

B. GBP 987,345.37

C. GBP 1,079,568.36

D. GBP 1,324,503.31

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