A 1-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 5% per annum with continuous compounding. Now, six months later, the price of the stock is $45, and the risk-free interest rate is still 5%. Which of the following statements is true?

Group of answer choices The current price of the forward contact is $42.05. The current value of the forward contract is $4.09. The forward market theoretically is in backwardation. The current basis is $2.05.