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Stock ABC pays a dividend of $4.39 per share every 3 months and has just been paid. 5 months ago, the price of ABC was
Stock ABC pays a dividend of $4.39 per share every 3 months and has just been paid. 5 months ago, the price of ABC was $184.71 per share and took a short position in a forward contract on ABC with a quantity of 2500 shares and that matured in 12 months (at that time). Now, the spot price of ABC is $181.05 per share. Calculate the value of your forward contract. The risk-free rate has always been 5.31%.
A) $ -424
B) $ -5914
C) $ 2606
D) $ -2944
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