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Cray Research sold a super computer to the Max Planck Institute in Germany on credit and invoiced 8.7 million payable in six months. Currently, the

Cray Research sold a super computer to the Max Planck Institute in Germany on credit and invoiced 8.7 million payable in six months. Currently, the six-month forward EUR/USD is 1.1060 and the foreign exchange advisor for Cray Research predicts that the spot rate is likely to be 1.0601 in six months. What is the expected gain/loss from the forward hedging? (USD,no cents)

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