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The current spot exchange rate between Polish Zloty and US dollar is 4.3250PLN per USD and the three-month forward rate is 4.3595PLN per USD. You

The current spot exchange rate between Polish Zloty and US dollar is 4.3250PLN per USD and the three-month forward rate is 4.3595PLN per USD. You enter into a long position on USD1,200,000. At maturity, the spot exchange rate is 4.3475PLN per USD. How much have you made or lost?

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