A non-dividend-paying stock is currently worth $59. A forward contract on the stock expires in 0.9 years. The T-bill rate is 7% (continuously compounded) for all maturities.   Part 1 What is the forward price? Correct ✓ F0=S0erT�0=�0��� = 59e0.07⋅0.959�0.07⋅0.9 = 62.84   Part 2 What is the value of the forward contract to the long?   Part 3 10 days later, the stock has fallen to $52.31. What is the new forward price?   Part 4 What is the value of the forward contract to the long?

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