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Emily speculates on the currencies in the foreign currency exchange market. Currently the spot price for...

Emily speculates on the currencies in the foreign currency exchange market. Currently the spot price for the Danish krona is Dk199.87/$ and the 3-month forward rate is Dk198.53/$. Emily thinks the Danish krona will move to Dk198.00/$ in the next three months.What should Emily do? If Emily has $100,000 explain how much she can earn as profit? Show calculations. Specify the transaction such as buy/sell at forward/spot/ expected future spot rate.

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