Questions 5 and 6. You work in the back office of a large bank, and need to calculate the profit or loss (in USD terms) on several forward contracts that were opened on February 15, and mature today, May 15. The AUD is an American quote. The BRL is a European quote. The date below is the date of the quote (not the maturity date). Spot Exchange Rate 3-Month Forward Rate Notional Value Feb 15 May 15 Feb 15 May 15 a. Long AUD 100,000 0.75 0.78 0.72 0.75 b. Short BRL 500,000 4.00 3.50 4.40 4.00 What is the USD profit or loss on the long AUD forward contract? 0 3000 -3000 6000 -6000