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by entering into IMM futures contracts. The spot rate is $0.8947 /Euro and the March futures price is $0.9002. Each contract is for 125000 Euros.

by entering into IMM futures contracts. The spot rate is $0.8947 /Euro and the March futures price is $0.9002. Each contract is for 125000 Euros. On March 4, the spot rate turns out to be $0.8922/ Euro while the March futures price is $0.8900 /Euro. What is the profit/loss on VW's futures position

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