You observe that the U.S. dollar/Euro current spot exchange rate is $1.1325/ and the six-month forward rate is $1.1363/. Based on your analysis of the exchange rate, you are confident that the spot exchange rate will be $1.1392/ in six months. Assume that you would like to buy or sell 1,000,000.

1. What actions do you need to take to speculate in the forward market?

B. What would be the profit from your actions if your prediction comes true?