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onsider a 6-month forward contract with a settlement price of CAD1.4232/USD and you have entered the contract t ell USD forward. You will lose

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onsider a 6-month forward contract with a settlement price of CAD1.4232/USD and you have entered the contract t ell USD forward. You will lose money if the spot rate at expiration is CAD1.4232/USD. You will make money if the spot rate at expiration is CAD1.5232/USD. You will lose money if the spot rate at expiration is CA1.3200/USD. You will make money if the spot rate at expiration is CAD1.4200/USD.

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