Question: Please answer the next question based on the follewing Chase Bank's direct spot and forward markets quotes for EUR right now (1/1/ XX) and expected

 Please answer the next question based on the follewing Chase Bank's

Please answer the next question based on the follewing Chase Bank's direct spot and forward markets quotes for EUR right now (1/1/ XX) and expected quotes three months tater (4/1/XX), and six months later (7/1/XX). On 1/1/XX, Dell sold a 3-month forward contract of EUR 1,000,000 from Chase. As a result, Dell will incur a expires: when the contract Profit of $13,900 loss of $56,400 coss of $13,900 Profit of $56,400

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