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Question

$1.00 please help w/ finance Q

  • From Business: Finance
  • Closed, but you can still post tutorials
  • Due on Aug. 11, 2011
  • Asked on Aug 11, 2011 at 2:54:50PM
Asked by :
la6039
la6039
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Questions Asked: 51
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Q:
A trader enters into a one-year short forward contract to sell an asset for $61.3 when the spot price is $58.53. The spot price in one year turns out to be $68.38. What is the trader's profit or loss? If loss, report a negative number. Assume the contract size is one unit.