Problem:
A 2-year long forward contract on a non-dividend-paying stock is entered into when the stock price is $135 and the risk-free interest rate is 9.2% per annum with continuous compounding. 1 year later, the price of the stock is $147 and the risk-free rate is 10.6%.
Required:
Question: What is the value of the long forward contract?
Note: Please provide full description.