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An investor enters into a forward contract to purchase 100,000 shares of IBM stock in 2 months at prices of $105 per share. After one

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An investor enters into a forward contract to purchase 100,000 shares of IBM stock in 2 months at prices of $105 per share. After one month, the investor notes that the forward price for the same contract (which now has a one-month maturity) is $103 per share. She also notes that the one-month discount factor is 0.993. The value of the forward contract held by the investor is: a. +$198; 600.00 ob. +$ 201, 409.90 O C. -$198, 600.00 o d. +$200; 000.00

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