Exercise $5($choose the closest to what you find$)$

Storage and insurance costs on silver are $$2\mathrm{.}1$ per ounce every $3$ months and have just been paid.

$5$ months ago, the price of silver was $$17\mathrm{.}62$ per ounce and you took a long position in a forward

contract on silver with a quantity of $29100$ ounces and that matured in $12$ months $($at that time$).$

Now, the spot price of silver is $$17\mathrm{.}35$ per ounce. Calculate the value of your forward contract.

The risk$-$free rate has always been $4\mathrm{.}6\%.(15$ pts$)$

$($A$)5349955$

$($B$)$ $$70955$

$[$C$)$ $$-423045$

$($D$)-144045$