Consider a short forward contract to sell 5,000 ounces of gold with a remaining maturity of six months. The current spot price of gold is $650 per ounce and the convenience yield of gold is 2% per year continuously compounded. The risk-free rate of interest and storage costs are 5% and 1% per year with continuous compounding. The delivery price of this previously-issued forward contract is $700 per ounce. What is the current value of this short-forward contract?

A. $663.13

B. $147,294.00

C. $163,584.69

D. $179,798.38