Question

Id	342
Number	2
Description	A Baywhite client currently owns 5,000 common non-dividend-paying shares of Vivivyu Inc. ( VIVU), a digital media company, at a spot price of USD173 per share. The client enters into a for ward commitment to sell half of its VIVU position in six months at a price of USD175.58. Which of the following market events is most likely to result in the greatest gain in the VIVU forward contract MTM value from the client’s perspective?