2. Exchange options. Suppose that: The stock of Exxon Mobile Corp. (XOM) is currently trading at 76.38. It is expected to pay an 80 cent dividend at the end of each of the next four quarters. It has also just payed a dividend. The NYSE ARCA Oil & Gas Index (XOI) is currently trading at 1,301.57. - It pays a continuously compounded dividend yield of 3%. Bonds with one, two, three, and four quarters to maturity are priced at = 0.995 = 0.985 B0,1/4 B0,1/2 B0,3/4 Bo.1 = 0.97 = 0.95. (a) What are the one-year forward prices of XOM and XOI? 2. Exchange options. Suppose that: The stock of Exxon Mobile Corp. (XOM) is currently trading at 76.38. It is expected to pay an 80 cent dividend at the end of each of the next four quarters. It has also just payed a dividend. The NYSE ARCA Oil & Gas Index (XOI) is currently trading at 1,301.57. - It pays a continuously compounded dividend yield of 3%. Bonds with one, two, three, and four quarters to maturity are priced at = 0.995 = 0.985 B0,1/4 B0,1/2 B0,3/4 Bo.1 = 0.97 = 0.95. (a) What are the one-year forward prices of XOM and XOI