Suppose that a firm entered into one short forward contract on crude oil at $50 per barrel. Currently, the forward is trading at a price of $45 per barrel. If the remaining time to maturity is 3 months, what is the value of the forward contract to the firm if the 3-months continuously compounded interest rate is 4% per annum?

Select one:

a. 5.05

b. -4.95

c. 4.95

d. -5.05