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8. A $50 stock pays a $1 dividend every 3 months, with the first dividend coming 3 months from today. The continuously compounded risk-free rate

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8. A $50 stock pays a $1 dividend every 3 months, with the first dividend coming 3 months from today. The continuously compounded risk-free rate is 6%. (a) What is the price of a prepaid forward contract that expires 1 year from today, immediately after the fourth-quarter dividend? (b) What is the price of a forward contract that expires at the same time

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