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Suppose one forward contract size is five million British pounds. 1-month Forward Price ($/) 1.8885 What's the payoff (or gain or loss) (in dollars) on
Suppose one forward contract size is five million British pounds. 1-month Forward Price ($/) 1.8885 What's the payoff (or gain or loss) (in dollars) on the LONG position in the above forward contracts on the British pounds on the expiration date? Suppose the pound spot exchange rate in one months is 1.9886 dollars per pound. Please round the number solution to the nearest whole number. Your answer is $_
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