Vino Veritas Company, a U.S.-based importer of wines and spirits, placed an order with a French supplier for 1,500 cases of wine at a price of 250 euros per case. The total purchase price is 375,000 euros. Relevant exchange rates for the euro are as follows:

	Spot rate	Forward rate to October 31	Call Option preiumum for october 31 strick price 1.25
9/15/2015	1.25	1.31	0.040
9/30/2013	1.30	1.34	0.075
10/31/2015	1.35	1.35	0.100

9/30

Forward Contract

Gain on forward contract

10/31

Forward contract

Gain on forward contract

Please she work.