Consider a 160-day forward contract on an asset priced at $135.

The asset generates cash flows of $1.50 in 40 days and $1.75 in

120 days. It incurs storage costs of $1.25 in 60 and 120 days,

that is, every 60 days. The future value of the convenience yield

is found to be $2.87. The risk-free rate is 3.55%. Find the

forward price.