Question: On June 2 2 , 2 0 1 2 the treasurer of a corporation might enter into a long forward contract to sell 1 0

On June 22,2012 the treasurer of a corporation might enter into a long forward contract to sell 100 million in six months at an exchange rate of 1.5573
This obligates the corporation to pay 100 million and receive $155.73 million on December 22,2012
What are the possible outcomes?

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