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Suppose that you are a finance manager at a U.S. based MNC. On January 1st, you anticipate you will need to purchase C$370,000.00 (Canadian dollars)

Suppose that you are a finance manager at a U.S. based MNC. On January 1st, you anticipate you will need to purchase C$370,000.00 (Canadian dollars) worth of supplies from a Canadian supplier in March using Canadian dollars (C$). The current spot rate for the Canadian dollar is $0.49. In the previous parts of this question your MNC paid $181,300.00 for a futures position (C$370,000.00 at $0.49) , but then closed that position by selling a futures contract that allowed them to receive $173,900.00 (C$370,000.00 at $0.47). Your MNC (Accures a Gain or Accures a loss) from these positions totalling ______

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