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you entered a one-year long forward contract on FOJC in April 2023 when the forward...

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Finance

you entered a one-year long forward contract on FOJC in April 2023 when the forward price was US 286 cents per pound. Each contract is for delivery of 15,000 pounds. After one month (t =1 month) the price of the forward concentrate was US 293 cents per pound. Assuming a risk-free rate of 5% with continuous compounding, what is the value of the forward contract after one month (2 months)

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