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