4. Three months ago you agreed to sell a $250,000 par value bond position by entering the short position in a 9-month forward contract with a forward price of $99.49 per 100 of par. Today the forward price on a contract for the same bond expiring in six months is $99.12 per 100 of par. If the annually compounded risk-free rate is 2.30%, what is the value of your short forward position? ( 2 points)