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6. A stock is expected to pay a dividend of $1.2 per share in 2 months and in 5 months. The stock price is $60,

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6. A stock is expected to pay a dividend of $1.2 per share in 2 months and in 5 months. The stock price is $60, and the risk-free rate of interest is 7% per annum with continuous compounding for all maturities. An investor has just taken a short position in a 6-month forward contract on the stock. (a) What are the forward price? (b) Three months later, the price of the stock is $67 and the risk-free rate of interest is 8% per annum. What are the forward price

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