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Suppose we hold a forward contract on a stock with expiration 6 months from now. We entered into this contract 6 months ago so that

Suppose we hold a forward contract on a stock with expiration 6

months from now. We entered into this contract 6 months ago so that when we entered into the contract, the expiration was year. The stock price$ 6 months ago was , the

current stock price is 125 and the current interest rate is %

compounded semi-annually. (This is the same rate that prevailed 6 months ago.) What is the current value of our forward contract?

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