What is the value of a long position in a forward contract

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Problem 1: Given the following details, what is the value of a long position in a 180-day forward contract today?

Time lapsed from inception 30

Forward price per share $12.00

Quarterly dividends $1.10 paid at the beginning of each month

Expected 20 days and 110 days from today

Spot price of the share $12.10

Risk-free rate 6% per annum for all maturities

Number of shares 1000

Reference no: EM132791280

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