Problem 4 - Taking two speculative forward positions at different points in time

This year on July 1, a UK company entered into a 3-month forward contract to sell 1 million at the forward price of US$2.1-/. Two month later, on September 1, the company entered into a 1 month forward contract to buy 1 million at forward rate of US$2.05/.

1. What profit of loss did the company have on October 1 when both the contract matured?

Problem 5

Refer to the information in problem 4 above. What total profit or loss would the company have had on the two contracts if the first contract (July 1) was to buy 1 million and the second contract (September 1) was to sell 1 million?

Please solve problem 5 not 4