Question: You entered into a long forward contract a while back to buy 100 shares of BAC at $24.50 in 6 months. The current price of

You entered into a long forward contract a while back to buy 100 shares of BAC at $24.50 in 6 months. The current price of BAC is $25.25 and the stock is not expected to pay a dividend in the next 6 months. If the interest rate for this horizon is 4.5% how much has your position gained or lost? (PLEASE SHOW ALL WORK)

A. $19.25

B) $73.33

C) $75.00

D) $98.44

E) $129.51

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