A stock is expected to pay a dividend of $1 per share in two months and in five months. The stock is $50, and the risk-free rate of interest is 8% per annum with continuous compounding for all maturities. An investor has just taken a short position in a six-month forward contract on the stock. Three months later, the price of the stock is $48 and the risk-free rate of interest is still 8% annum. What are the forward price and the value of the short position in the forward contract? a. 50.01 O b. 47.96 c. 50 d. 47