Six months ago, you bought 1 million Euros at a forward rate of 1.200 USD/EUR. This contract matures today, and the spot exchange rate is 1.100 USD/EUR. 

What is the profit from the forward contract in USD?

1(b) - Six months ago, you bought 1 million Euros at a forward rate of 1.200 USD/EUR. This contract matures today, and the spot exchange rate is 1.100 USD/EUR.

What is the profit from the forward contract in EUR?

2 (a) - One year ago, you sold 1 million British pounds (GBP) at a forward rate of 1.25 USD/GBP. This contract matures today, and the spot exchange rate is 1.30 USD/GBP.

What is the profit from the forward contract in GBP?

2 (b) One year ago, you sold 1 million British pounds (GBP) at a forward rate of 1.25 USD/GBP. This contract matures today, and the spot exchange rate is 1.30 USD/GBP.

What is the profit from the forward contract in GBP?

3.Two years ago you sold forward 1 million Canadian dollars (CAD) at a forward rate of 0.800 USD/CAD. You have no CAD, so this transaction is what we would call a "naked forward." The forward contract matures today and the spot exchange rate is 0.7850 USD/CAD.

What is the profit from the forward contract in USD?

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