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Compute the value (Mark-to-market) of the following long forward contract in New Zealand dollars (NZD). The contract expires in two years and has a size

Compute the value (Mark-to-market) of the followinglongforward contract in New Zealand dollars (NZD). The contract expires in two years and has a size of NZD 45,000; the forward rate F2USD/NZD= 0.60, the current spot rate (spot rate at time of valuation) XNUSD/NZD= 0.58 and the two interest rates are as follows:rNZD= 6% andrUSD= 3%. The mark-to-market value is ...

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Negative USD 2,221.18

Negative USD 3,678.43

Positive USD 3,678.43

Positive USD 2,221.18

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