Suppose you need to payV = 50,000 GBPin a year from now. Spot rate of GBP is 1.3. You do not have enough USD to purchase50,000 GBPright now. Assume the forwardpremium = 0.03

What is the benefit of hedging with forward contract if the GBP spot rate in a year from now is 1.2, 1.3 and 1.4?

i tried several different answers for these 3 questions

1.2=6500

1.3=1500

1.4=-3500

but no matter what i tried i kept getting it wrong