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Suppose you are a U.S. based investor. The current spot exchange rate is 112.673/S and the three-month forward rate is 115.65*/S. Based upon your economic

Suppose you are a U.S. based investor. The current spot exchange rate is 112.673/S and the three-month forward rate is 115.65*/S. Based upon your economic forecast, you are pretty confident that the spot exchange rate will be 122/S in three months. If you can take a speculative position on $75,000 in the forward market, calculate the expected profit

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