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You just entered into a 1-year forward contract to buy the stock of Brandex, a company that pays no dividend. The risk free rate is

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You just entered into a 1-year forward contract to buy the stock of Brandex, a company that pays no dividend. The risk free rate is 4.40% per year. The stock now sells at $330.00 per share. a. What should the forward price be today? Forward price today (to nearest cent) b. 9 months later, the stock price drops by 2.80%, what is the forward price then? Forward price 9 months later (to nearest cent) c. What is the value of the forward contract then? Value of contract in 9 months' time (to nearest cent) You just entered into a 1-year forward contract to buy the stock of Brandex, a company that pays no dividend. The risk free rate is 4.40% per year. The stock now sells at $330.00 per share. a. What should the forward price be today? Forward price today (to nearest cent) b. 9 months later, the stock price drops by 2.80%, what is the forward price then? Forward price 9 months later (to nearest cent) c. What is the value of the forward contract then? Value of contract in 9 months' time (to nearest cent)

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