On June 1, the 4-month interest rates in Switzerland and the United States were, respectively, 2% and 5% per annum with discrete compounding. The spot price of the Swiss franc was $0.8000/CHF. You took a short position of a CHF forward, CHF 100,000, delivery on October 1. One month later on July 1, three-month interest rates in Switzerland and the United States were, respectively, 2.5% and 4.5% per annum with discrete compounding. The spot exchange rate on the Swiss franc is $0.8020/CHF. On July 1, what is the value of your short position you entered on June 1? Assume the forward contract prices are arbitrage-free prices. Use discrete compounding and 30/360-day count.