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Interest rates are 2.60% (with continuous compounding). At the start of the year, you entered into 100 short two year forward positions in Ziggurat stock,

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Interest rates are 2.60% (with continuous compounding). At the start of the year, you entered into 100 short two year forward positions in Ziggurat stock, at (forward) price $33.64. It is now 9 months later, and Ziggurat shares are trading at $30.84. Ziggurat does not pay dividends. What are your forward positions worth? 172.43 172.43 271.05 271.05

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