Suppose that a company uses the 90 -day forward rate on British pounds as a forecast for the dollar value of the pound in 90 days. If the expected 90 -day future spot rate of the pound is $1.26, the 90 -day forward rate is $1.20, and the company purchased 7,000,000 pounds, then the company would make a profit of over the next 90 days if thelr forecast is correct. TOTAL SCORE: 12