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The spot is $0.60 / while the 1-month forward rate is $0.85. You agree to sell 3 million at the 1-month rate. Next month the

The spot is $0.60 / while the 1-month forward rate is $0.85. You agree to sell 3 million at the 1-month rate. Next month the spot rate is $0.71/, what are your profits/losses

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