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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

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

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