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317.66 You're so smart S 44 You just entered into a 1-year forward contract to...

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Finance

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317.66 You're so smart S 44 You just entered into a 1-year forward contract to buy the stock of Brandex, a company that 45 pays no dividend.The risk free rate is 4.15% per year. The stock now sells at $305.00 per share. 46 47 a. What should the forward price be today? 48 49 Forward price today (to nearest cent) 50 51 b. 6 months later, the stock price drops by 2.30%. What is the forward price then? 53 Forward price 6 months later (to nearest cent) 54 55 c. What is the value of the forward contract then? 56 57 Value of contract in 6 months' time (to nearest cent) 52 un

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