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A short forward contract on a dividend-paying stock was entered some time ago. It currently has 8 months to maturity. The stock price and the

A short forward contract on a dividend-paying stock was entered some time ago.

It currently has 8 months to maturity.

The stock price and the delivery price is $22 and $24 respectively.

The risk-free interest rate with continuous compounding is 6% per annum.

The underlying stock is expected to pay a dividend of $1 per share in 2 months and an another dividend of $1 in 5 months.

What is the current forward price? What is the value of this short forward contract? What is the delivery price for this contract?

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