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A short forward contract that was negotiated some time ago will expire in three months and has a delivery price of $ 3 8 .

A short forward contract that was negotiated some time ago will expire in three months and has a delivery price of $38. The current forward price for three-month forward contract is $43. The three month risk-free interest rate (with continuous compounding) is 7%. What is the value of the short forward contract? Please round your answer to two decimal places. Please show all work

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