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Suppose that on April 1 you entered into a short position in a forward contract that matures one year later. The underlying asset of the

Suppose that on April 1 you entered into a short position in a forward contract that matures one year later. The underlying asset of the forward contract is a stock that is expected to pay out a dividend of 5 kr on June 1. When you entered the forward contract, the forward price was 100 kr, and the continuously compounded interest rate was 12% per annum for all maturities. Six months have now passed and the spot price is now 79 kr (interest rates are the same). What is the value of your forward contract today?

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