German subsidiary has forecasted earnings next year of Cao million. Assume Brzoska Inc.'s that the current one-year forward rate for euros is $1.33, the same as the current spot rate.Further assume that the euro depreciates over the year, so that the weighted average exchange rate is $1.30 over the year. If Brzoska implements a forward hedge the expected earnings by selling 10 million one year forward, what is the gain or loss on the forward contract? ng Cio million one year forvard, what is the gain or loss on the forward eont Brzoska Inc's German subsidiary has forecasted earnings next year of Cio million. Assume that the current one-year forward rate for euros is $1.33, the same as the current spot rate Further assume that the euro depreciates over the year, so that the weighted average exchange rate is $1.30 over the year. If Brzoka implements a forward hedge of the expected earnings by selling Cio million one year forward, what is the gain or loss on the forward contract