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A stock will pay a dividend of $2 in 1 month and $2 in 4 months. The continuous risk-free rate for all maturities is 4.8%.

A stock will pay a dividend of $2 in 1 month and $2 in 4 months. The continuous risk-free rate for all maturities is 4.8%. The current price of the stock is $96. Calculate the arbitrage-free price of a six-month forward contract on the stock.

Group of answer choices 99.96 102.39 $ 92.04 $ 94.28

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