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suppose on august 1, 2018 your company entered into a contract to deliver goods to Germany. delivery of the goods was to occur three months
suppose on august 1, 2018 your company entered into a contract to deliver goods to Germany. delivery of the goods was to occur three months later. (November 1, 2018) with full payment of 35,000,000 euros due to the delivery date. suppose on august 1, 2018 when you signed the contract, the three-month forward exchange rate was equal to the spot exchange rate to hedge your 35,000,000 euro conversion into u.s dollars, what would your gain or loss have been in u.s dollars on the forward market transaction?
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