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A 9-month forward contract for which the underlying asset is a stock index with a value of 4,576 and a continuous dividend yield of 1.35%.

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A 9-month forward contract for which the underlying asset is a stock index with a value of 4,576 and a continuous dividend yield of 1.35%. Compute the value of a long position if the index increases to 4,695 three months after the contract are purchased. Assume the risk-free rate is 2.5%

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