A stock price is $82 and the risk-free rate for all maturities is 5% with continuous compounding. The stock is expected to pay a dividend of $6.5 per share in one month, $6.8 per share in four months, and $7.2 per share in seven months. Linda has just taken a long position in a nine-month forward contract on the stock. What is the forward price? (Please do not round intermediate calculations.)

	A.	$59.6
	B.	$64.2
	C.	$63.6
	D.	$65.1

A stock price is $82 and the risk-free rate for all maturities is 5% with continuous compounding. The stock is expected to pay a dividend of $6.5 per share in one month, $6.8 per share in four months, and $7.2 per share in seven months. Linda has just taken a long position in a nine-month forward contract on the stock. Three months later, the price of the stock is $94 and the risk-free rate of interest is still 5% per annum. What is the value of Lindas position in the forward contract? (Please do not round intermediate calculations.)

	A.	$18.8
	B.	$17.5
	C.	$18.4
	D.	$17.2