An investor entered into a one-year long forward contract on Frozen Orange Juice Concentrate (FOJC)...
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An investor entered into a oneyear long forward contract on Frozen Orange Juice Concentrate FOJC in April when the forward price was US cents per pound. Each contract is for delivery of
pounds. After one month month the price of the forward concentrate was US cents per pound. Assuming a riskfree rate of with continuous compounding, what is the value of the
forward contract after one month month
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