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QUESTION 29 A long 3-month forward contract is bought on a barrel of crude oil when the delivery price is $50. The spot price

QUESTION 29 A long 3-month forward contract is bought on a barrel of crude oil when the delivery price is $50. The spot price of the underlying crude oil is $55. If the continuously compounded 3-month risk-free rate of interest is 1.5% per annum, what is the value of the forward contract? A. $3.46 B. $5.18 C. $4.99 OD. $3.27

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