4. A one-year long forward contract on a non-dividend-paying stock is entered into when the stock price is $40 and the risk-free rate of interest is 10% per annum, with continuous compounding 1) What are the forward price and the initial value of the forward contract? 2) Six months later, the price of the stock is $45 and the risk-free interest rte is still 10%. What are the forward price at that time and the value of the original forward contract? 5. The current price of silver is $30 per ounce. The storage costs are S0.48 per ounce per year payable quarterly in advance. Assuming that interest rates are 10% per annum for all maturities, calculate the futures price of silver for delivery in nine months. 5. The current price of silver is S30 per ounce. The storage costs are $0.48 per ounce per payable quarterly in advance. Assuming that interest rates are 10% per annum for all maturities, calculate the futures price of silver for delivery in nine months. year