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Business, 12.02.2020 01:54 AshleyRojas7187

On May 3, 2016, the treasurer of a corporation enters into a long forward contract to buy 1 million in six months at an exchange rate of 1.4561. This obligates the corporation to pay $1,456,100 for £1 million on November 3, 2016. What is the purpose of going long?
What are the possible outcomes on Nov 3?

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