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, exactly 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.

*Sidenote: This question was posted previously, but down voted, looking for confirmation of answer