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A stock pays quarterly dividends of $0.5 per share, with the next dividend to be paid 3 months from now. Given that: annual continuously compounded

A stock pays quarterly dividends of $0.5 per share, with the next dividend to be paid 3 months from now. Given that: annual continuously compounded risk free interest rate of 6%, the no-arbitrage 10-months forward price of the stock is $51.7783. Calculate the implied fair price (to the nearest $1) of the stock per share.

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