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The current spot exchange rate is $1.6266/ and the three-month forward rate is $1.6721/. You enter into a short position on 220,000. At maturity, the

The current spot exchange rate is $1.6266/ and the three-month forward rate is $1.6721/. You enter into a short position on 220,000. At maturity, the spot exchange rate is $1.6871/. How much have you made or lost? options:

lost $13,310

made $13,310

lost $10,010

made $10,010

lost $3,300

made $3,300

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