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 4.15% per year. The stock now sells at $305.00 per share. a. What should the forward price be today? 317.66 You're so smart Forward price today (to nearest cent) 1 b. 6 months late the stock price drops by 2.30%. What is the forward price then? 2 -3 Forward price 6 months later (to nearest cent) 55 c. What is the value of the forward contract then? 56 57 Value of contract in 6 months' time (to nearest cent) 58 Sorry, try again : 54