A while ago an investor entered into a long forward contract on a non-dividend-paying stock at a forward price of $58.00. Today the contract has one year to maturity and the price of the stock is $60.00. If the risk-free rate is 5%_CC per annum, what is the value of the forward contract?

A.

$1.90

B.

$2.00

C.

$2.10

D.

$4.83