A portfolio manager expects to receive $5,000.000 from a new client in 30 days. These assets are to be invested in a basket of equities. he decides to take a long position in a 30 -day for wrd contract on the SG.P 500 stock index to hedge against an increase in equity prices. The index is currently at 1,057, The continuously compounded dividend yield is 1.50%. and the discrete ris-free rate is 4%. Fifteen days later the index value is 1.103. The value of the forwrd contract flifer 15 days, assuming no change in the risk-free rate or the dividend yield is closest to