An investor enters into a forward contract to purchase 100,000 shares of IBM stock in 2 months at prices of $105 per share.After one month,the investor notes that the forward price for the same contract (which now has a one-month maturity) is $103 per share.She also notes that the one-month discount factor is 0.993.The value of the forward contract held by the investor is
A)
B)
C)
D)
Correct Answer:
Verified
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