Solved: A bank quotes 3 month usd cad forward bid-ask rate as, Basic Statistics

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A bank quotes 3 month usd cad forward bid-ask rate as

A Canadian exporter exporting goods to USA will receive USD 100,000 after 3 months. A bank quotes 3 month USD CAD forward bid-ask rate as (1.2302-1.2315). Based on this information answer the following questions:

If Canadian exporter enters the forward contract. If the spot rate after 3 months is 1.12 then what will be his notional profit/loss?
How much the Canadian exporter will receive if he enters the forward contract?
What is bid-ask spread?
If Canadian exporter enters the forward contract. If the spot rate after 3 months is 1.52 then what will be his notional profit/loss?

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Basic Statistics: A bank quotes 3 month usd cad forward bid-ask rate as

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