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Suppose you believe that the U.S. dollar will appreciate relative to the Canadian dollar and you trade 3 Nov 2020 CAD futures contracts based on

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Suppose you believe that the U.S. dollar will appreciate relative to the Canadian dollar and you trade 3 Nov 2020 CAD futures contracts based on your expectation. The Canadian dollar contract size is 100,000 CAD. At the time you initiate your transaction, the Nov 2020 CAD futures price is 0.7456 $/CAD. In late October when you close out your position, the Nov 2020 futures price changed to 0.711 $/CAD. What is your profit or loss on this transaction after accounting for transaction fees of $15 per contract per roundtrip transaction? Hint: A roundtrip transaction is a long followed by a short or a short followed by a long. Do not include any dollar sign in your answer. For example, if you believe you profited $2,112 on this contract, simply enter "2112" as the solution. If you believe you lost $2,112 on this contract, simply enter"-2112" as the solution

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