(Choose 1 answer)
The current spot exchange rate is $1.55/€ and the three-month forward rate is $1.50/€. You enter into a long position on €1,000. At maturity, the spot exchange rate is $1.60/€. How much have you made or lost?
A. Lost $100
B. Made $100
C. Lost $50
D. Made $150
Exit 36
