The current spot exchange rate is $1.50/ and the three-month forward rate is $1.55/. Based on your analysis of the exchange rate, you are confident that the spot exchange rate will be $1.52/ in three months. Assume that you would like to buy or sell 1,000,000. What actions do you need to take to speculate in the forward market? Buy 1,000,000 today at $1.50/; wait three months, if your forecast is correct sell 1,000,000 at $1.52/. None of the other answers Sell 1,000,000 today at the spot rate, buy 1,000,000 forward. Wait three months, if your forecast is correct buy 1,000,000 at $1.52/. Buy 1,000,000 today at the spot rate, sell 1,000,000 forward