Two months ago, Horizon Capital entered into a long position in a one-year forward contract on 1,500
Fantastic news! We've Found the answer you've been seeking!
Question:
Two months ago, Horizon Capital entered into a long position in a one-year forward contract on 1,500 shares of Allegion stock at a forward contract price of $39 per share. Today the current price of Allegion stock is $40.50 per share and the interest rate for continuous compounding is 2.2%. Allegion stock does not pay dividends. What is today's market value of Horizon Capital's long forward contract?
Related Book For
Posted Date: