Suppose you take the long position in 1-year Tesla forward contract at $1,530. After 6 months, Tesla's stock price will be $1,550. If you were to sell the contract at the time, what could you sell it for? Round the final answer to two decimal places. Use an interest rate of 2% compounded continuously.

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To determine the value at which you could sell the Tesla forward contract after 6 months we need to ... View the full answer