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Suppose that you enter into a long position on a 6 month pound forward today and lock in the price of $1.50(the forward rate). If

Suppose that you enter into a long position on a 6 month pound forward today and lock in the price of $1.50(the forward rate). If at the maturity (6 month from now) the spot rate turns out to be $1.45, what is your gain or loss? The contract size is $100,000 pounds.

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