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Suppose you buy a one-year forward contract at $80. Five months later, new forward contracts are selling for $70. The risk-free rate is 20 percent

Suppose you buy a one-year forward contract at $80. Five months later, new forward contracts are selling for $70. The risk-free rate is 20 percent (annual rate). What is the value of your contract?

$8.99

$9.27

$8.99

$9.27

$100

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