Calculate the value of the above forward contract

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Several months ago, XYZ entered into a long forward contract on an asset with no income. XYZ agreed to pay $30 to seller at maturity. Today, the contract matures in 4 months. The risk-free rate with continuous compounding is 7.2% per annum, the underlying asset price is $38.76.

Calculate the value of the above forward contract.

Reference no: EM132685670

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