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3 months ago, an investor entered into a six-month forward contract to sell a stock. The delivery price agreed to was $55. Today, the stock

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3 months ago, an investor entered into a six-month forward contract to sell a stock. The delivery price agreed to was $55. Today, the stock is trading at \$44. Suppose the 3-month interest rate is 4% in continuously compounded terms. Suppose the stock is expected to pay a dividend of $3 in 2 month, and the 2 -month rate of interest is 3%, what is the value of the contract held by the investor? Express the value of the contract held by the investor in $ with a margin of error +/0.01

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