Question: The spot is 0 . 7 5 / while the 1 - month forward rate is 0 . 7 5 . You agree to buy

The spot is 0.75/ while the 1-month forward rate is 0.75. You agree to buy 1 million at the 1-month rate. Next month the spot rate is 0.98/, what are your
profits/losses?

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