4. An investor owns a dividend-paying stock currently traded at $106 and plans to hedge against possible risks associated with this position using a 180-day forward. Assuming that all rates are continuous compounded at 3% per annum (1 year=365 days). Over the neXt year, the stock will pay dividends according to the following schedule. The position in the forward that the investor should take and the forward price should be: Da s Dividend er share $ 55 5 175 5 185 5 A. A long position; the forward price is $97.53 B. A short position; the forward price is $97.53 C. A long position; the forward price is $92.53 D. A short position; the forward price is $92.53