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Today the forward price on a one-year forward is is 49 but 3 months later for the same expiration date the forward price has now
Today the forward price on a one-year forward is is 49 but 3 months later for the same expiration date the forward price has now become 58. If you went long today, how much is your long contract worth 3 months later if the interest rate is 11%? Answer to the nearest cent, giving your answer as xx.xx without any dollar sign.
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