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If the spot price at time of maturity is $75 and you enter into a short forward contract with a counterparty having Forward price of

If the spot price at time of maturity is $75 and you enter into a short forward contract with a counterparty having Forward price of $60, what is the value (or payoff) of your position?


Using the information from above, in what scenario(s) is the Long Party making a gain or positive payoff?

 
Using the information from above, in what scenario(s) is the Short Party making a gain or positive payoff?

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