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JUNE 16th... Vince entered into a forward contract to buy 100,000 for USD235,000 on June 19, 2017. As of September 19, 2016, the nine-month forward

JUNE 16th... Vince entered into a forward contract to buy 100,000 for USD235,000 on June 19, 2017.

As of September 19, 2016, the nine-month forward exchange rate is 2.40 USD/, and the nine-month interest rates in US and the U.K are 4% and 6% respectively.

Assuming interest is continuous compounding, what is the value of Vince's forward contract (in US dollars)?

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