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The value of a forward contract that you have been holding for the last six months is $50 today. It matures in 3 more months.

The value of a forward contract that you have been holding for the last six months is $50 today. It matures in 3 more months. If todays spot price is $100 and the underlying interest rate is 5 percent, what was the forward price that you had negotiated when you purchased the contract six months back?

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