Suppose the spot exchange rate is C$1.4665 per 1, while the six-month forward rate is C$1.50 per

Question:

Suppose the spot is C$1.4665 per €1, while the six-month forward rate is C$1.50 per euro. What will be the profit for an investor who assumes a €100,000 long position in the forward contract if the spot rate in six months equals the following amounts?
a. C$1.40 per euro
b. C$1.60 per euro

Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...