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One year ago, you sold a futures contract on 100,000 Swiss franc with a settlement date of one year. Assume that one year ago, the

One year ago, you sold a futures contract on 100,000 Swiss franc with a settlement date of one year. Assume that one year ago, the spot rate of the SF was $0.983, the one-year forward rate exhibited a discount of 2%, and the one-year futures price was the same as the one-year forward rate. From one year ago to today, the SF depreciated against the dollar by 5%. Determine the total dollar amount of your profit or loss.

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