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The current spot exchange rate is HKD7.7763/USD and the three-month forward rate is HKD7.7943/USD. You enter into a long position on USD120,000. At maturity, the

The current spot exchange rate is HKD7.7763/USD and the three-month forward rate is HKD7.7943/USD. You enter into a long position on USD120,000. At maturity, the spot exchange rate is HKD7.8104/USD. How much have you made or lost?

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