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

The spot is 1.15/ while the 1-month forward rate is 1.15. You agree to buy 3 million at the 1-month rate. Next month the spot rate is 1.14, what are your profits/losses?
The spot is 1.15/ while the 1-month forward rate is 1.15.

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