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4. (15 points). The current spot exchange rate is $1.54/ and the three-month forward rate...

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4. (15 points). The current spot exchange rate is $1.54/ and the three-month forward rate is $1.52/. You enter into a short position on 5,000. At maturity, the spot exchange rate is $1.50/. How much have you made or lost? Focus

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