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8: Paul enter into a forward contract with Tim. Paul is obligated to sell the underlying asset to Tim at expiration at the forward price

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8: Paul enter into a forward contract with Tim. Paul is obligated to sell the underlying asset to Tim at expiration at the forward price F. If the spot price at expiration were S. Paul's payoff would be $28. If the spot price at expiration were 25% higher, Tim's payoff would be $44. Determine S. (A) 287.00 (B) 288.00 (C) 284.00 (D) 286.00 (E) 285.00 Select

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