Question: please explain carefully Question 12. A long forward contract that was negotiated some time ago will expire in three months and has a delivery price

please explain carefully Question 12. A long forward contract that was

please explain carefully

Question 12. A long forward contract that was negotiated some time ago will expire in three months and has a delivery price of $60. The current forward price for a three-month forward contract is $63. The three-month risk-free interest rate is 12% per annum with continuous compounding. What is the value of the long forward contract

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