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1. (1 point) Suppose that today is Friday, February 25, and the price of MSFT is $295.94 per share. MSFT will pay a dividend of

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1. (1 point) Suppose that today is Friday, February 25, and the price of MSFT is $295.94 per share. MSFT will pay a dividend of $2.48 on May 18. Consider a forward contract to buy MSFT with a delivery date of Friday, May 27. What is the proper forward price (per share) of this forward contract? Some possibly useful information is as follows: May 27 is 91 days = 91/365 years after February 25, thus, if today is date 0, then I = 91/365. May 18 is 82 days = 82365 years after February 25. The continuously compounded yield on a zero-coupon bond that matures on May 18 is 0.50% per year. To keep things simple assume that the continuously compounded yield on a zero-coupon bond that matures on May 27 also is 0.50% per year

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