One month later the forward price is 6350 the spot price is
A speculator buys a three month forward contract on 1000 barrels of ail at $65 a barrel. One month later, the forward price is $63.50, the spot price is $63. Risk free rate is 5% p.a. c.c. What is the value of the forward contract?
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a speculator buys a three month forward contract on 1000 barrels of ail at 65 a barrel one month later the forward
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