Question: Johnson and Johnson is expecting to receive A$ 2m from the Australian government for a shipment of vaccine in May. What is the company's profit

Johnson and Johnson is expecting to receive A$ 2m from the Australian government for a shipment of vaccine in May. What is the company's profit from hedging, if the forward rate is $ 0.77 / A$ and the spot rate in May is $ 0.72 /A$? Provide your answer rounded to the nearest integer.

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