What is the delivery price of the forward contract

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Reference no: EM131176463

On 2/15/2015, a 3-year forward contract, expiring 2/15/2018, on a non-dividend-paying stock was entered into when the stock price was $135 and the risk-free interest rate was 9.1% per annum with continuous compounding. 1 year later, on 2/15/2016, the stock price becomes $146. What is the "delivery" price of the forward contract entered into on 2/15/2015?

Reference no: EM131176463

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