Question: Ivan takes a long position in: Two 1 - year forward contracts with a forward price of 8 0 . A 1 - year zero

Ivan takes a long position in:
Two 1-year forward contracts with a forward price of 80.
A 1-year zero-coupon bond with maturity value of 80 with an effective annual risk-free rate of 2%.
If the spot price at expiration is 85, calculate Ivan's total payoff and total profit at expiration.

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