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Your small multinational US business has a 10,000 Euro capital expense to purchase some tools made in Germany in 6 months. The 6 month EUR

Your small multinational US business has a 10,000 Euro capital expense to purchase some tools made in Germany in 6 months. The 6 month EUR forward rate is 1.15. You are thinking of hedging 100% of the exposure using a forward contract. If the actual exchange rate in 6 months is 1.00, then what is the US dollar gain or loss on your exposure (step 1)?

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