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If you are short 5 contracts of 2 - year pound futures with a delivery price ( K ) of $ 1 . 6

"If you are short 5 contracts of 2-year pound futures with a delivery price (K) of $1.6, what will be your payoff at expiry if the pound exchange rate to dollar at expiry is (i) $1.2
,(ii) $1.4
,(iii) $1.8
Each contract is 100 shares. Round to integers."

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