Question: Suppose you enter into a forward contract on $ 1 5 , 0 0 0 , 0 0 0 notional principal to buy Dow Jones

Suppose you enter into a forward contract on $15,000,000 notional principal to buy Dow Jones Industrial Average Index for $41,250 in 65 days from a bank. In 65 days, the Dow Jones Industrial Average Index is $40,755. What is the netted payment at settlement and which party will receive it?

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