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Recall that Stark had originally assumed a constant exchange rate for the Swiss Franc and therefore, forecasted on December 14, 2017 a profit on the

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Recall that Stark had originally assumed a constant exchange rate for the Swiss Franc and therefore, forecasted on December 14, 2017 a profit on the cowbells of approximately $188,900. If Stark breaks-even at a cost of $1,300,000, what is Stark's profit on the cowbells hedging with a futures contract? Compare profit to the profit Stark had originally forecasted. Since Stark breaks-even at a cost of $1,300,000, subtract "total dollar cost" from $1,300,000 to calculate profit on the cowbells. Note that you should provide two answers: one answer corresponds to the

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