Intro

You bought $60,000$ Canadian dollars $($CAD$)$ forward at a forward price of $0\mathrm{.}73$ USD per CAD.

Part $1$

What is your profit or loss if the exchange rate is $0\mathrm{.}64$ USD per CAD at the end of the contract $($in

USD$)?$

Part $2$

What is your profit or loss if the exchange rate is $0\mathrm{.}81$ USD per CAD at the end of the contract $($in

USD$)?$