For Scenario 4, do you think the speculative transaction is profitable for the company? Show your calculations.

SCENARIO 4 A. Selling Speculation Transactions with Forward Contracts On November 1, 2015, PT Perkasa purchased a 180-day forward contract from a brokerage company with the aim of speculating to sell US$10,000 at a forward rate of US$1 = Rp13,320. In the following, information regarding the exchange rates associated with these transactions is presented. Cash Exchange Date 1 November 2015 December 31, 2015 May 1, 2016 US$1 Forward Rates for Settlement Date May 1, 2016 Rp13.320 Rp13.400 Rp 13.100 Rp13.500 Rp13.270 B. Speculation Buy Transactions with Forward Contracts This scenario is the same as the Sell Speculation Transaction scenario with Forward Contracts (Scenario 4.A). However, in this scenario, PT Perkasa buys a 180-day forward contract with the aim of speculating to buy US$10,000. The exchange rate information is the same as the information in Scenario 4.A