A one year, short forward contract was negotiated six months ago when the spot price of the underlying asset was $500 and the one year risk free rate of interest was 8 per cent per year. The current spot price for the underlying asset is $560 and the six month risk-free interest rate (with continuous compounding) is 6% per year. The value of the one year short forward contract at this time is:

Group of answer choices

- $74.78

- $89.12

+ $74.78

- $34.37