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Hans has been studying the Norwegian Krone and thinks the Krone will appreciate versus the US dollar in the coming six - month period. He

Hans has been studying the Norwegian Krone and thinks the Krone will appreciate versus the US dollar in the coming six-month period. He has $500,000 to invest. The current spot rate is $0.1124Kr, the six-month forward rate is $0.1175Kr and he expects the spot rate to reach 50.1248Kr in six months. What is Hans's expected profit assuming a pure spot market speculation strategy?
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