What is the profit on the forward contract, Finance Basics

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What is the profit on the forward contract

Question: Mary Daly takes a long position in a 9-month forward contract on oil. The current spot price for one bbl. of oil is 49.00. The 9-month forward price for one bbl. of oil is 51.50. The continuously compounded risk-free rate is 9%. What is her profit on the forward contract if the actual price of oil at the end of 9 months is 53.00?

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Finance Basics: What is the profit on the forward contract

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