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A six month, short forward contract was negotiated three months ago when the spot price of the underlying asset was $400 and the one-year risk-free

A six month, short forward contract was negotiated three months ago when the spot price of the underlying asset was $400 and the one-year risk-free rate of interest was 4 percent per year. The current spot price for the underlying asset is $450 and the three-month risk-free interest rate (with continuous compounding) is 6 percent per year. The current value of the short forward contract is:

Group of answer choices

-48.72

-50.00

+48.00

-48.00

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