Magdalena Assumes a US$ 2,000 Short Position in a 1-Year

Multiple Choice

Magdalena assumes a US$ 2,000 short position in a 1-year US forward contract
(F = C$1.0312 per US) .If the spot rate in one year is C$1.03 per US, what will her profit (loss) be in each case?

A) C$1.20
B) (C$1.20)
C) (C$2.40)
D) C$2.40