An investor bought a one-year forward contract on a dividend-paying stock six months ago with a fair forward price of $50 (i.e. remaining maturity on the contract is six months.) The stock will pay a $1/share dividend 4 months later. The stock is currently trading at $50 and the current continuously compounded risk-free rate is 10% per annum. What is the current value of the forward contract to the investor? 1.47 O $6.99 O $3.12 00