1. Calculate the present value of $100 in 9 years using 9.8% interest rate with continuous compounding. 2.On 2/15/2015, a 3-year forward contract, expiring 2/15/2018, on a non-dividend-paying stock was entered into when the stock price was $135 and the risk-free interest rate was 10.4% per annum with continuous compounding. 1 year later, on 2/15/2016, the stock price becomes $143. What is the "delivery" price of the forward contract entered into on 2/15/2015? 3.A long forward contract on a non-dividend-paying stock was entered into some time ago. It currently has 6 months to maturity. The risk-free rate with continuous compounding is 6.4% per annum, the stock price is $39.74 and the delivery price is $30. Calculate the value of the forward contract?