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The current spot exchange rate is $1.9277/ and the three-month forward rate is $1.9605/. You enter into a short position on 100,000. At maturity, the

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The current spot exchange rate is $1.9277/ and the three-month forward rate is $1.9605/. You enter into a short position on 100,000. At maturity, the spot exchange rate is $1.9762/. How much have you made or lost? O made $1,570 lost $1,570 O made $4,850 lost $4,850 made $3,280 Olost $3,280

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