Today is June 1st and you have a forward position to buy 1000 shares of Microsoft at a price of $260 on July 1st. Suppose that Microsoft just announced plans to reduce its annual dividend yield per share to 1.5% of the stock price for the foreseeable future. As a result Microsoft stock declined to $230 today. Suppose that the annual interest rate is 5% with continuous compounding. What is the value today of your forward position to buy 1000 shares of Microsoft at a price of $260 on July 1st? -29,206.24 -28,918.92 28,918.92 -29,418.76 0 29,206.24