Which of the following statements is/are true?

i. A 9-month forward contract was initiated 1 months ago. The delivery price is $290 and the forward price now is $310. If the interest rate is 10% per annum continuously compounded, the value of the contract to a person holding a long position is $19.62.
ii. A 1-year forward contract was initiated 3 months ago. The delivery price is $62, and the forward price now of this contract is $66. If the interest rate is 10% per annum continuously compounded, the value of the contract to a person holding a short position is -$3.71.

a.

i only

b.

ii only

c.

Both i and ii

d.

Neither i nor ii