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5. An investor takes a long position in a 6-month forward contract in April on a stock with the forward price $100 per share. In

5. An investor takes a long position in a 6-month forward contract in April on a stock with the forward price $100 per share. In July, the 3-month forward contract on the same stock has a delivery price of $110. What is the value of the investors forward contract in July? Assume the simple interest rate is 10% per annum.

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