Two months ago, Horizon Capital entered into a long position in a one-year forward contract on 1,500 shares of Allegion stock at a forward contract price of $39 per share. Today the current price of Allegion stock is $40.50 per share and the interest rate for continuous compounding is 2.2%. Allegion stock does not pay dividends. What is todays market value of Horizon Capitals long forward contract?