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You entered into a long forward contract to buy 500,000 at $1.1400/. At expiration of the forward contract, the exchange rate is $1.1600/. If this

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You entered into a long forward contract to buy 500,000 at $1.1400/. At expiration of the forward contract, the exchange rate is $1.1600/. If this forward is settled by the actual delivery of the underlying asset, who pays whom how much? Long pays $580,00 short pays 500,000 Long pays $570,00 short pays 580,000 Long pays $570,000 short delivers 431,035 Long pays $570,00 short pays 500,000

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