Assume another investor takes a 100,000 short position in the six-month euro forward contract with forward rate

Question:

Assume another investor takes a €100,000 short position in the six-month euro forward contract with forward rate of C$1.50 per euro. Determine the investor’s profit (loss) if the spot rate in six months equals the following amounts.
a. C$1.40 per euro
b. C$1.60 per euro