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GE needs Hot Coiled Roil to produce washing machines. The company expects to buy 115 units of steel 6.26 months from now. The company has

GE needs Hot Coiled Roil to produce washing machines. The company expects to buy 115 units of steel 6.26 months from now. The company has an existing long forward to buy such 115 units at a price of 123.36 for delivery 6.26 month from now. The yearly CCIR is 3.75% and Steel has a continuous dividend yield of 1.36%. The current price of 1 unit of Hot Roiled Coil is $138.20.

Compute the value of the existing forward.

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