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6) Six months ago, a stock was expected to pay a dividend of $0.70 per share in one month, in four months and in seven

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6) Six months ago, a stock was expected to pay a dividend of $0.70 per share in one month, in four months and in seven months. The stock price was $20, and the risk-free rate of interest was 5% per annum with continuous compounding for all maturities. You had taken a short position in an eight- month forward contract on the stock. Today, the price of the stock has become $22 and the risk-free rate of interest is still 5% per annum. What is the value your position

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