1). (Forward contract payout) Construct a delivery date profit or loss graph for a long position in a forward contract with a delivery price of $50. Analyze the profit or loss for values of the underlying asset ranging from $30 to $70.
When the delivery price of the long forward is $50 and the actual price at the time of delivery is $30, there is a [profit/loss of $_____. (Use a negative sign if there is a loss and round to nearest dollar.