Question: Bill and Ted enter into a forward contract with a forward price of F . Bill takes the long position and Ted takes the short

Bill and Ted enter into a forward contract with a forward price of F. Bill takes the long position and Ted takes the short position. If the spot price at expiration is X, then Ted's profit is $10. If the spot price at expiration is 2X, then Bill's profit is $20. Who makes a profit and how much profit do they make if the spot price at expiration is 1.5X?

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