17) A stock is expected to pay a dividend of $1.50 per share in 2 months and 5 months. The stock price is $50, risk free rate is 8%. An investor has taken a long position in a 6 month forward contract on a stock Three months later the price of the stock is $48 and the risk free rate is 8%. What is the forward price ?

	a.	48.00
	b.	46.50
	c.	47.46
	d.	$43.00