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Your company has $500,000 to invest. The current spot rate is DKK6.5240, the three-month forward rate is DKK6.5100/SF. What will be your companys profit /

Your company has $500,000 to invest. The current spot rate is DKK6.5240, the three-month forward rate is DKK6.5100/SF. What will be your companys profit / loss if you buy Swiss franc and sell after 3 months?

A		USD 1,200 gain
B		USD1,200 loss
C		Unknown today
D		USD1,800 gain
E		None of the above is correct

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