Problem:
A 2-year long forward contract on a non-dividend-paying stock is entered into when the stock price is $139 and the risk-free interest rate is 10.3% per annum with continuous compounding. 1 year later, the price of the stock is $146 and the risk-free rate is 9%.
Task:
Question: What is the value of the long forward contract? Explain in detail and show your all workings.