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The current spot exchange rate is $1.22/ and the three-month forward rate is $1.30/. You enter into a long position on 1,000. At maturity, the

The current spot exchange rate is $1.22/ and the three-month forward rate is $1.30/. You enter into a long position on 1,000. At maturity, the spot exchange rate is $1.50/. How much have you made or lost?

A. Lost $200 B. Made 200 C. Made $80 D. Made $200

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