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The current price of Apple stock is 450 dollars per share. The continuously compounded LIBOR is 0.7% per year. The at-the-money European call option on

The current price of Apple stock is 450 dollars per share. The continuously compounded LIBOR is 0.7% per year. The at-the-money European call option on Apple with one-year to maturity is traded at 46.65 dollars per share. The at-the-money European put option on Apple with the same maturity is currently traded at 51.86 dollars per share. What is the no-arbitrage price of a forward contract on 100 shares of Apple stock with one year to maturity?

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