forward contract calculation
At the inception of a six-month forward contract on a stock index, the value of the index was $1,150, the interest rate was 4.4
percent, and the continuous dividend was 1.8 percent. Three months later, the value of the index is $1,075. Which of the
following statements is TRUE? The value of the:
short position is $47.56.
long position is $47.56.
long position is $82.41.
long position is -$82.41.
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