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You think the British pound is going to get stronger over the next three months. Therefore, you have entered into a forward contract to buy

You think the British pound is going to get stronger over the next three months. Therefore, you have entered into a forward contract to buy 75,000 using a 3 month forward rate: GBPUSD 1.2948. a. Suppose the actual spot rate in three months is GBPUSD 1.2895. What is your profit or loss? b. Suppose your ending profit is $525. What is the actual spot rate in three months

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