Brzoska Ine.'s German subsidiary has forecasted earnings next year of Eso million. Assume that the eurrent one-year forward rate for euros is s133, the same as the eurrent spot rate. Further assume that the euro depreciates over the year, so that the weighted average exchange rate is $1.30 over the year. If Brzoska implements a forward hedge on the expected earnings by selling Cso million one year forward, what is the gain or loss on the forward contract? Brzoska Inc.'s German subsidiary has forecasted earnings next year of Cio million. Assume that the current one-year forward rate for euros is $1-33, the same as the current spot rate. Further assume that the euro depreciates over the year, so that the weighted average exchange rate is $1 30 over the year. If Brzoska implements a forward hedge on the expected earnings by selling Cso million one year forward, what is the gain or loss on the forward contract