Question: A long forward contract that was negotiated some time ago will expire in three months and has a delivery price of $50. The current forward

A long forward contract that was negotiated some time ago will expire in three months and has a delivery price of $50. The current forward price for three-month forward contract is $52 whereas the spot price is 50.97. The three month risk-free interest rate (with continuous compounding) is 896, what to the nearest cent is the value of the long forward contract? 5)

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