Answer:
Forward price = $30.7595
Explanation:
The forward price is a future predetermined price for a commodity, asset, or currency based on agreement between parties to a forward contract.
The forward contract is an agreement to sell between parties to buy or sell at an agreed price at some time in the future.
Time (t) = 6 months= 0.5 years
Spot price (s)= $30
Risk free interest rate (r)= 5%
Forward price= s * e^rt
Forward price = 30 * (e^0.05*0.5)
Forward price= 30* 1.025315
Forward price = $30.7595
