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On July 1, 2009, a U.S. company enters into a forward contract to buy 1 million Swiss Francs on January 1, 2010; the forward price

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On July 1, 2009, a U.S. company enters into a forward contract to buy 1 million Swiss Francs on January 1, 2010; the forward price is $0.95/SF. On September 1, 2009 , it enters into a forward contract to sell SF 1 million on January 1, 2010; the forward price is $0.98/SF. What is the profit or loss the company will make in dollars? On July 1, 2009, a U.S. company enters into a forward contract to buy 1 million Swiss Francs on January 1, 2010; the forward price is $0.95/SF. On September 1, 2009 , it enters into a forward contract to sell SF 1 million on January 1, 2010; the forward price is $0.98/SF. What is the profit or loss the company will make in dollars

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