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Marioluigi Company enters into a one-year forward contract, short 4 million EUR (euro), against (long) the SEK (Swedish kronor). At the time the contract is

Marioluigi Company enters into a one-year forward contract, short 4 million EUR (euro), against (long) the SEK (Swedish kronor). At the time the contract is entered into, the spot rate is 7.11 SEK/EUR, and the one-year forward rate is 7.30 SEK/EUR. Suppose that the spot rate (in one year) turns out to be 7.72 SEK/EUR. How profitable will the contract turn out to be for Marioluigi, measured in MILLIONS of EUR

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