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The spot exchange rate is $1.15 per euro and the 90 day forward rate is $1.18. The expected future spot rate 90 days from now

The spot exchange rate is $1.15 per euro and the 90 day forward rate is $1.18. The expected future spot rate 90 days from now is $1.20. What is the expected profit for a speculator who uses a forward contract for 10,000 euros?

$300

$200

$150

$250

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