On June 19, 2021, John entered into a forward contract to buy 100,000 for C$235,000...
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On June 19, 2021, John entered into a forward contract to buy 100,000 for C$235,000 on June 19, 2022. Its now September 19, 2021, the nine-month forward exchange rate is 2.40 C$/, and the nine-month interest rates in Canada and the U.K are 4% and 6% respectively, with continuous compounding. What is the value of Johns forward contract (in Canadian dollars)?
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