Forward Pricing of Equity Contracts

Consider an investor who enters into a one-year equity forward contract to buy 100 shares of Company ABC at a forward price of $50 per share. The current market price of the shares is also $50. Assume that the risk-free rate is 4% and there are no dividends expected during the contract period.

What would be the forward price of the equity, assuming no arbitrage opportunities exist and considering the time value of money?