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The current spot exchange rate is $2.0702/ and the three-month forward rate is $2.1220/. You enter into a short position on 120,000. At maturity, the

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The current spot exchange rate is $2.0702/ and the three-month forward rate is $2.1220/. You enter into a short position on 120,000. At maturity, the spot exchange rate is $2.1475/. How much have you made or lost? lost $3,060 made $3,060 lost $9,276 made $9,276 lost $6,216 made $6,216

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