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7. You are given the following information: (i) The current price of stock A is 50. (ii) Stock A will not pay any dividends in

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7. You are given the following information: (i) The current price of stock A is 50. (ii) Stock A will not pay any dividends in the next year. (iii) The annual effective risk-free interest rate is 6%. (iv) Each transaction costs (v)There are no transaction costs when the forward is settled. Based on no arbitrage, calculate the maximum price of a one-year forward

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