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Suppose you bought a forward on January 1 that matures a year later. The forward price was $214 at that time, and the interest rate

Suppose you bought a forward on January 1 that matures a year later. The forward price was $214 at that time, and the interest rate was 7 percent per year. Six months have passed, and the spot price is now $150. What is the value of your forward contract today?

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