Q2: (Forward Valuation) In August, you took a long position on a 6-month forward contract on a non-dividend- paying stock when the stock price was $45 and the risk-free interest rate (with discrete compounding) is 4% per annum. It is now September, exacly one month later. The current stock price is $50 and the interest rate is 6%. Estimate the value of your position now. Assume the forward contracts are priced such that no arbitrage profit making opportunities exist. Show your answers along with the formula and steps you used for each