Question: 2 pts Question 39 The current spot exchange rate is USD 1.55 / EUR 1.00 and the three- month forward rate is USD 1.50 /

2 pts Question 39 The current spot exchange rate is USD 1.55 / EUR 1.00 and the three- month forward rate is USD 1.50 / EUR 1.00. You enter into a short forward position on EUR 1,000. At maturity in three months, the spot exchange rate is USD 1.25 / EUR 1.00. What is your profit on the forward contract in USD

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