Hi guys,

I came across this question on currency forward valuation

And here is the question:

Based on Exhibits 2 and 3, and assuming annual compounding, the per share value of Troubadour’s short position in the TSI forward contract three months after contract initiation is *closest* to:

- $1.6549.
- $5.1561.
- $6.6549.

I tried to solve the the question by using the formula St - F0/(1+r)^(T-t). St is 245, F0 is 250.562289, r is 0.00325 and T-t is 0.5. I ended up getting B. But the correct answer is C. Can someone please explain why I didn’t get C?

Many thanks in advance.

P.S. the numbers on the top of the image are from Exhibit 2, all information related to this question has been included.