A company entered into the long position of a forward contract on a non-dividend-paying stock some time ago. This forward contract will mature in 1.5 year and the delivery price is USS120 per share. Each contract consists of 800 shares of stock. Currently, the spot price of the stock is US$100 per share. Suppose that the risk free rate is always 3% per annum with continuous compounding. (a) What is the value of the forward contract for this company now? (b) What is the value of the forward contract for this company now if the company entered into a short position instead