A trader enters into a short forward contract on 100 million yen. The forward exchange rate is
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A trader enters into a short forward contract on 100 million yen. The forward exchange rate is \(\$ 0.0090\) per yen. How much does the trader gain or lose if the exchange rate at the end of the contract is
(a) \(\$ 0.0084\) per yen and
(b) \(\$ 0.0101\) per yen?
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