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dAn investor enters into a short 1 months forward contract to sell 1 0 0 , 0 0 0 British pounds for US dollars. Use

dAn investor enters into a short 1 months forward contract to sell 100,000 British pounds for US dollars. Use the rates in the table to indicate what position the investor will take and calculate the gain/loss of the transaction.
Table Spot and forward quotes of the USD/GBP exchange rate
\table[[Maturity,Bid,Offer],[Spot,1.2732,1.2736],[1-month forward,1.2746,1.2751],[3-month forward,1.2772,1.2777],[1-year forward,1.2883,1.2889]]
If the exchange rate at the end of the contract is 1.24, the investor is obligated to pounds.
If the exchange rate at the end of the contract is 1.24 the investor will invest in pounds at a price of when they are worth 1.24. Enter to 4 decimal places (e.g.2.3456)
The investor will make a
The gain/loss of the transaction is $ Enter dollar value (e.g.1000)
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