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The treasurer of a US corporation knows that the corporation will pay 1 million in 6 months The treasurer can agree to buy 1 million

The treasurer of a US corporation knows that the corporation will pay
1 million in 6 months
The treasurer can agree to buy 1 million 6 months forward at an
exchange rate of 1.2711.
The corporation is obliged to pay $1,271,100 for 1 million in 6
months.
What are the possible outcomes?

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