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x. A bank customer will be going to London in June to purchase 100,000 in new inventory. The current spot and futures exchange rates are

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A bank customer will be going to London in June to purchase 100,000 in new inventory. The current spot and futures exchange rates are as follows. Exchange Rates (dollars/pound) Period Rate Spot 1.5368 March 1.6214 June 1.6931 September 1.7589 December 1.8497 The customer enters into a position in June futures to fully hedge her position. When June arrives, the actual exchange rate is $17379 per pound. How much did she save? The bank customer saved $ . (Round your response to the nearest whole dollar.)

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