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The current spot exchange rate is $1.55/ and the three-month forward rate is $1.50/C. You enter into a short position of 1,000 in the spot

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The current spot exchange rate is $1.55/ and the three-month forward rate is $1.50/C. You enter into a short position of 1,000 in the spot market. At maturity, the spot exchange rate is $1.60/. How much have you made or lost? Lost $100 Made e100 Lost $50 Made $150

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