How much more would you receive by selling
Problem
If the spot rate was $0.7435/C$ and the 90-day forward rate was $0.7553/C$, how much more (in U.S. dollars) would you receive by selling C$1,170,000 at the forward rate than at the spot rate?
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how much more would you receive by selling C$1,170,000 at the forward rate than at the spot rate?
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