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A stock is trading at $45. Suppose the interest rate is 4.80% in continuously compounded terms. A stock is expected to pay a dividend of
A stock is trading at $45. Suppose the interest rate is 4.80% in continuously compounded terms. A stock is expected to pay a dividend of $5 in three months and another $5 in six months. What would be the equilibrium nine month forward price on this stock? [choose the closest answer]
Group of answer choices
33.74
38.70
32.43
39.30
35.61
36.47
39.67
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