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Compute the value (Mark-to-market) of the following long forward contract in Australian dollars (AUD). The contract expires in one year. The size of the contract

Compute the value (Mark-to-market) of the followinglongforward contract in Australian dollars (AUD). The contract expires in one year. The size of the contract is AUD 50,000; the forward rate F1USD/AUD= 0.72, the current spot rate (spot rate at time of valuation) XNUSD/AUD= 0.80, and the one-year interest rates are as follows:rAUD= 8% andrUSD= 4%. The mark-to-market value is ...

Group of answer choices

Negative USD 4,273.50

Positive USD 2,421.65

Positive USD 4,273.50

Negative USD 2,421.65

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