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Business, 08.04.2020 01:50 Imamdiallo18

One year ago, you entered into a futures contract to buy 100,000 euros at a futures contract price of $1.22, with a settlement date in one year. Assume that at the contract's maturity the spot rate of the euro is $1.25, Determine the total dollar amount of your profit or loss from speculating with the futures contract.

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