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A short forward contract that was negotiated some time ago will expire in 4-month and has a delivery price of $49.75. The current forward price
A short forward contract that was negotiated some time ago will expire in 4-month and has a delivery price of $49.75. The current forward price for the 4-month forward contract is $49.25. The 4-month risk-free interest rate (with continuous compounding) is 7.65%. What is the value of the short forward contract? Answer with two decimal digits accuracy and the correct sign. Example: -11.92
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