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1.Suppose you buy a forward contract today at a price of $95. The contract expires in 30 days. The risk-free rate is 3 percent. Now

1.Suppose you buy a forward contract today at a price of $95. The contract expires in 30 days. The risk-free rate is 3 percent. Now 10 days later, the spot price of the asset is $102. What is the value of this forward contract 10 days after the contract was bought? Assume that the interest rates are annually compounded.

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