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3. Some time ago, you entered a forward contract to purchase 10 shares of Advanced Micro Devices, Inc. (AMD) for $32 per share. Your forward

3. Some time ago, you entered a forward contract to purchase 10 shares of Advanced Micro Devices, Inc. (AMD) for $32 per share. Your forward contract ends in 6 months and the current spot price of AMD is $29.42 per share. Assume a risk free rate of interest of 1% per year. (2.00 points)

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