On May $8,2019,$ a Canadian bank entered a short position in a EUR $9$x$12$ FRA at a forward rate

of $0\mathrm{.}65\%$ with a notional principal of $400$ million EUR. Exactly three months later on August $8,$

$2019,$ the CEO asks you to close the position, while achieving the best possible outcome for

the bank. She asks you to show the resulting individual cash$-$flows to document that all future

cash$-$flows are closed out. In addition, you should report the profit$/$loss of this action in CAD.

You retrieve the following information:

Money Markets:

Forward Rate Agreements:

FX: