Question: A forward contract that was negotiated some time ago will expire in 3 years and has a forward price of $75. The current forward price

A forward contract that was negotiated some time ago will expire in 3 years and has a forward price of $75. The current forward price for a 3-year forward contract on the same underlying asset is $100. The risk-free interest rate (with continuous compounding) is 3% per annum for all maturities. What, to the nearest cent, is the value of the forward contract for the short party (indicate positive or negative)?

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