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Six months ago, a trader entered into a forward contract to buy a stock in 1 year and the delivery price was $44.25. Now, the

Six months ago, a trader entered into a forward contract to buy a stock in 1 year and the delivery price was $44.25. Now, the six-month forward price of the stock is $45.00 and the risk-free interest rate is 10% per year with continuous compounding. What is the value of the forward contract to him?

a. -$.071

b. -$0.68

c. $0.68

d. $0.71

e. $0.75

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