(Answered) An italian investor holds a 1 month short forward position

Economics

An Italian investor holds a 1 month short forward position on the USD. The contract calls for the investor to sell 1 million USD in 1 months at a delivery price of $1.51 per USD. The current forward price for the delivery in 1 month is F= $1.4850 per USD. The one month interest rate is 6%. What's value of the investor's position?

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Business Economics, Economics

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