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Compute the mark-to-market value of the following short forward NZD (New Zealand Dollar) contract. The size of contract is NZD 5,000,000 and the forward rate

Compute the mark-to-market value of the following short forward NZD (New Zealand Dollar) contract. The size of contract is NZD 5,000,000 and the forward rate is F4USD/NZD = 0.79; the spot rate at time of the valuation (today) is XNUSD/NZD = 0.71. The NZD and USD interest rates are: rNZD = 8% and rUSD = 2%; assume the contract matures in four years from now (so at t=4). Group of answer choices USD 1,489,400.00 USD 1,780,654.10 USD 1,039,833.46 USD 1,145,362.55

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