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A short forward contract that was negotiated some time ago will expire in six months and has a delivery price of $150 (agreed upon price

  1. A short forward contract that was negotiated some time ago will expire in six months and has a delivery price of $150 (agreed upon price at inception). Todays forward price for a six-month forward contract on the same underlying is $173. The six month risk-free interest rate (with continuous compounding) is 5% per year. What is todays value of the short forward contract?

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