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The current spot exchange rate is $1.8436/ and the three-month forward rate is $1.8768/. You enter into a long position on 230,000. At maturity, the

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The current spot exchange rate is $1.8436/ and the three-month forward rate is $1.8768/. You enter into a long position on 230,000. At maturity, the spot exchange rate is $1.9031/. How much have you made or lost? lost $13,685 made $13,685 lost $6,049 made $6,049 lost $7,636 made $7,636

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