In a One Day FX trade what is my potential profit and potential loss if I BUY 400,000 units of the EUR/USD pair at 1.10719 with a PIP value of USD40, Take Profit at 1.11308 and Stop loss at 1.10208?

International Financial Management
14th Edition
ISBN:9780357130698
Author:Madura
Publisher:Madura
Chapter5: Currency Derivatives
Section: Chapter Questions
Problem 3IEE
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In a One Day FX trade what is my potential profit and potential loss if I BUY 400,000 units of the EUR/USD pair at 1.10719 with a PIP value of USD40, Take Profit at 1.11308 and Stop loss at 1.10208?

 

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