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  3. the current spot exchange rate is $1.55/ and the t

The current spot exchange rate is $1.55/ and the three-month forward rate is $1.50/. You...

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Accounting

The current spot exchange rate is $1.55/ and the three-month forward rate is $1.50/. You enter into a long position on 1,000. At maturity, the spot exchange rate is $1.40/. How much have you made or lost? Group of answer choices +$100 -$100 -$50 +$50

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