Question: nterest rates are 7.90% (with continuous compounding). At the start of the year, you entered into 100 short two year forward positions in Ziggurat stock,

nterest rates are 7.90% (with continuous compounding). At the start of

nterest rates are 7.90% (with continuous compounding). At the start of the year, you entered into 100 short two year forward positions in Ziggurat stock, at (forward) price \$37.09. It is now 7 months later, and Ziggurat shares are trading at $38.21. Ziggurat does not pay dividends. What are your forward positions worth? 504.71100.14504.71100.14

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