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please explain both. I got this wrong Problem 3: What is the profit/loss on a 1-Year long forward EUR at t=1 when Question 4 Problem
please explain both. I got this wrong 
Problem 3: What is the profit/loss on a 1-Year long forward EUR at t=1 when Question 4 Problem 4: What is the size of a difference check on a 1-Year short forward GBP contract given that the size of the contract is GBP 500,000 ; the amount of the contract is USD 625,000 ; and X1USDGGPP=1.20 Step by Step Solution
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Inside Company Valuation
Authors: Angelo Corelli
1st Edition
3319537822, 9783319537825
