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A long forward contract on a non-dividend-paying stock was entered in the past. It currently has 6 months to maturity. In 3 months the underlying

A long forward contract on a non-dividend-paying stock was entered in the past. It currently has 6 months to maturity. In 3 months the underlying asset is expected to provide an income equal to 2% of the asset price. The risk-free rate of interest with continuous compounding is 10% per annum. The asset price is $25, and the delivery price is $24. What is the value of the contract today? Select one: a. $2.88 b. $2.78 c. $1.68 d. $1.28 e. $1.78

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