The spot price of an investment asset is $39 and the risk-free rate for all maturities is 7% with continuous compounding. The asset provides an income of $1 at the end of the first year and at the end of the second year. What is the three-year forward price? Please round your answer to two decimal places.

A short forward contract that was negotiated some time ago will expire in three months and has a delivery price of $37. The current forward price for three-month forward contract is $42. The three month risk-free interest rate (with continuous compounding) is 8%. What is the value of the short forward contract? Please round your answer to two decimal places.