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5. Consider a 6-month forward contract on an asset that provides a 1% yield annually to the bearer of the asset. If the current spot

5. Consider a 6-month forward contract on an asset that provides a 1% yield annually to the bearer of the asset. If the current spot price is $25, and assuming a 5.5% annual risk-free interest rate. (1.00 points) (a) What is the price on this forward contract? (b) What is the price on a similar contract but with a 1-year maturity instead?

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