A U.S. exporter sold forward Y125 million at the 7-month forward rate of Y124.27/$. Immediately after the

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A U.S. exporter sold forward Y125 million at the 7-month forward rate of Y124.27/$. Immediately after the deal is signed, the spot rate moves from Y125 to Y130/$. Dollar and yen rates are still at 6 and 5 percent, respectively. What is the gain/loss of the contract?
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