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Nine months ago, you bought €60,000,000 1-year forward at the forward rate of 1.38 $/€. If...

Nine months ago, you bought €60,000,000 1-year forward at the forward rate of 1.38 $/€. If current 3-month interest rates are 11% p.a. in the U.S. and 4% p.a. in the Eurozone, and the current spot exchange rate for euros is 1.43 $/€, then how much is your forward contract worth right now? If the forward contract were terminated today, would you expect to have to pay or receive this amount?

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