Three months ago, an investor entered into a six-month forward contract to sell a stock. The delivery price agreed to was $55. Today, the stock is trading at $45. Suppose the three-month interest rate is 4.5 % in continuously compounded terms. Assuming the stock is not expected to pay any dividends over the next three months, what isthe value of the contract held by the investor?

Group of answer choices

- 9.38

+ 9.38

+ 9.89

-9.89