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The current spot rate is USD 1.00 / EUR and the 6-month forward is USD 1.20 /EUR. You go long (you will purchase) EUR 1,000

The current spot rate is USD 1.00 / EUR and the 6-month forward is USD 1.20 /EUR. You go long (you will purchase) EUR 1,000 forward. At maturity, the spot exchange rates is USD 1.10 / EUR. How much have you made or lost as a U.S. investor?

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