Question: I enter into a non-deliverable binding forward contract to buy $1 million for Chinese yuan in one year for yuan 6.44/$, One year later the

I enter into a non-deliverable binding forward contract to buy $1 million for Chinese yuan in one year for yuan 6.44/$, One year later the spot rate settles at yuan 6.00 / $. My gain or loss is:

a. gain of $ 440,000

b. loss of $ 440,000

c. gain of $ 440,000

d. loss of RMB 440,000

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