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a stock index currently has a spot price of $900. the risk free rate is 9% and the index pays a continuous dividend of 3%.

a stock index currently has a spot price of $900. the risk free rate is 9% and the index pays a continuous dividend of 3%. to create a synthetic 12-month forward contract, you would need to borrow enough to purchase _______ units of the index. A. 0.9139 B. 0.9704 C. 1.0942 D. 1.0618 E. 0.9418

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