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Consider a long forward contract on a non-dividend-paying stock that was entered into some time ago. It currently has three months to maturity. The risk-free

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Consider a long forward contract on a non-dividend-paying stock that was entered into some time ago. It currently has three months to maturity. The risk-free interest rate with continuous compounding is 5% per annum. The stock price is $98, and the delivery price is $96. What is the value of the forward contract, /? $2.57 S3.19 Oa Ob $48.60 oc Od $99.23

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