Question: A forward contract is sold at t = 0 with a forward price F0 = $72. Suppose the spot price at t = 0 is

A forward contract is sold at t = 0 with a forward price F0 = $72. Suppose the spot price at t = 0 is S0 = $65 , and the expiration (settlement) spot price at t = T is ST = $96. What is the expiration day value of the forward to the buyer of the contract? Enter your answer to the nearest dollar without the dollar sign

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