1.A $100 stock pays $3 dividend every 3 months, with the first dividend coming 3 months from today. The continuously compounded risk-free rate is 5%. What is the prepaid forward price with a maturity of 1 year? What is the forward price with a maturity of 1 year?

(Leave 2 d.p. for your answer)

2.A $80 stock $has a continuous dividend yield of 2%p.a.. The continuously compounded risk-free rate is 5% p.a..

What is the prepaid forward price with a maturity of 3 months? What is the forward price with a maturity of 3 months?

(Leave 2 d.p. for your answer)