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A one-year forward contract to buy a non-dividend paying stock is entered into when the stock price is USD 50, and the risk-free rate is

A one-year forward contract to buy a non-dividend paying stock is entered into when the stock price is USD 50, and the risk-free rate is 5% per year (with annual compounding).

Find the following:

a. Forward price

b. Value of the forward contract

Six months after the forward contract was entered into, the spot price is USD 56, and the risk-free rate is still 5% per year.

Find the following:

c. Forward price

d. Value of the forward contract

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