When the spot exchange rate is jpyeur 9500 krystal, Ask an Expert

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When the spot exchange rate is JPY/EUR 95.00, Krystal Corporation takes a long position in a deliverable 6-Month currency , forward contract for JPY 100 million at a contract rate of JPY/EUR 100.00. At expiration of the forward contract, if the spot exchange rate is JPY/EUR 105.00, what amount will Krystal pay to the short counterparty?

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