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A forward contract that was negotiated some time ago will expire in 3 years and has a forward price of $95. The current forward price
A forward contract that was negotiated some time ago will expire in 3 years and has a forward price of $95. The current forward price for a 3-year forward contract on the same underlying asset is $111. The risk-free interest rate with continuous compounding) is 3% per annum for all maturities. What, to the nearest cent, is the value of the forward contract for the short party (indicate positive or negative)? The value of the forward constract is $ Enter "positive" or "negative
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