Question
Suppose you take the long position in 1-year Tesla forward contract at $1,530. After 6 months, Tesla's stock price will be $1,550. If you were
Suppose you take the long position in 1-year Tesla forward contract at $1,530. After 6 months, Tesla's stock price will be $1,550. If you were to sell the contract at the time, what could you sell it for? Round the final answer to two decimal places. Use an interest rate of 2% compounded continuously.
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
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