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Question 7 (2 points) A forward contract on a non-divided paying stock was entered into on October 19, 2020. It currently has 6 months to

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Question 7 (2 points) A forward contract on a non-divided paying stock was entered into on October 19, 2020. It currently has 6 months to maturity. The risk free rate of interest is 10% per annum, the stock price, So, is $500, and the delivery price, K, is $480. What is the value of the short forward contract? (Answer to two decimal places). VA

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