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Three months ago, Marian Lawrence, CFA, took a long position in a three-month forward contract for 20,000 shares of MNO Inc. At that time, MNO

Three months ago, Marian Lawrence, CFA, took a long position in a three-month forward contract for 20,000 shares of MNO Inc. At that time, MNO shares were trading at $1.90 per share this gradually rose to the current trading price of $2.00 per share. Assuming the three-month risk-free rate is 10%, what was the appropriate stipulated forward price on the entered forward contract.

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