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QUESTION 23 A long 3-month forward contract is bought a barrel of crude oil when the delivery price is $240. The spot price of the

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QUESTION 23 A long 3-month forward contract is bought a barrel of crude oil when the delivery price is $240. The spot price of the underlying crude oil is $239. If the continuously compounded 3-month risk- free rate of interest is 4.2% per annum, what is the value of the forward contract? O A. $0.51 O B. $1.51 O C. $0.23 O D. $1.27

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