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Suppose you buy a one-year forward contract for 1,000 shares of Alibaba at HKD136 per shares. At expiration, the spot price is HKD96.55. The risk-free

Suppose you buy a one-year forward contract for 1,000 shares of Alibaba at HKD136 per shares. At expiration, the spot price is HKD96.55. The risk-free rate is 0.3% p.a. What is the value of the contract at expiration?

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