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Posted on Sep 02, 2024

Several months ago, XYZ entered into a long forward contract on an asset with no income. XYZ agreed to pay $30 to seller at maturity.

Today, the contract matures in 11 months. The risk-free rate with continuous compounding is 6.2% per annum, the underlying asset price is $35.51.

Calculate the value of the above forward contract.

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