Suppose that you enter into a long position on a 6-month, Financial Management

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Suppose that you enter into a long position on a 6-month

Suppose that you enter into a long position on a 6-month pound forward today and lock-in the price of $1.50 (the forward rate). If at the maturity (6 month from now) the spot rate turns out to be $1.62, what is your gain or loss? The contract size is 100,000 pounds.

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Financial Management: Suppose that you enter into a long position on a 6-month

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