Suppose you buy a forward contract at $42 with expiration in 6 months. After 3 months, the underlying asset has spot price $35. The risk free rate is 3%. Assuming that the underlying asset does not pay a dividend, what is the value of the forward contract at 3 months. (Make sure to indicate a negative value with a minus sign.)

Select one:

a. -$6.69

b. -$7.09

c. $4.71

d. -$6.23

e. none of the above