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An asset is priced at $100. A two-year forward contract is created, with mark-to-market in one year (Month 12). The risk-free rate is 3%. The

An asset is priced at $100. A two-year forward contract is created, with mark-to-market in one year (Month 12). The risk-free rate is 3%. The asset is worth $105 in Month 12. 6) What is the reset price of the forward at Month 12?

a. $104.04

b. $108.15

c. $107.10

d. $100

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