What is the expected gainloss from the forward


Cray Research sold a super computer to the Max Planck Institute in Germany on credit and invoiced 10 million payable in six months. Currently, the six-month forward exchange rate is $1.04/ and the foreign exchange advisor for Cray Research predicts that the spot rate is likely to be $1.02/ in six months. What is the expected gain/loss from the forward hedging?

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Financial Management: What is the expected gainloss from the forward
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