The current spot exchange rate is $1.55/€ and the three-month forward rate is $1.50/€. You enter into a short position on €1,000. At maturity, the spot exchange rate is $1.60/€. How much have you made or lost?
(Choose1answer)
A. Lost $100
B. Made $100
C. Lost $50
D. Made $150
Finish
43
