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On February 28, 2021, BBV Bank had long positions of 200,000,000 Japanese Yen and 50,000,000 Swiss Francs. The closing exchange rates were 92/$ and CHF

On February 28, 2021, BBV Bank had long positions of 200,000,000 Japanese Yen and 50,000,000 Swiss Francs. The closing exchange rates were 92/$ and CHF 1.89/$. The bank expects exchange rate to be 98/$ and CHF 1.95/$. What is the banks DEAR on its Swiss Francs portfolio?

$814,001

$680,904

$133,097

$947,098

$120,587

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