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Business, 06.08.2019 21:20 alberto81

Levin company entered into a forward contract to speculate in the foreign currency. it sold 100,000 foreign currency units under a contract dated november 1, 20x8, for delivery on january 31, 20x9: 11/1/20x8 12/31/20x8 spot rates $ 0.035 $ 0.037 30-day forward rate 0.034 0.036 90-day forward rate 0.033 0.035 in its income statement for the year ended december 31, 20x8, what amount of loss should levin report from this forward contract

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