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Clair is a currency speculator who enjoys betting on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen is

Clair is a currency speculator who enjoys "betting" on changes in the foreign currency exchange market. Currently the spot price for the Japanese yen is 129.87/$ and the 6-month forward rate is 128.53/$. Clair thinks the yen will move to 128.00/$ in the next six months. What is her profit if she buys $100,000 worth of yen at today's spot price and sells within the next six months at 128/$?

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