Question: Consider a 7-month forward contract on Apple Computer Inc. (AAPL). The current price of one share is $208, and the annual continuously compounded risk-free interest

Consider a 7-month forward contract on Apple Computer Inc. (AAPL). The current price of one share is $208, and the annual continuously compounded risk-free interest rate is 5%. Suppose the actual quoted forward price for a 7-month contract is 215.15 per share of AAPL.

Assume that the arbitrageur decides to trade forward contract on 1 share of stock. What is the cash payment or cash receipt associated with this forward contract now at t=7 month? Please do NOT present the sign; only show the cash amount. Please input 0 if theres no cash flows related to the transaction.

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