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A stock XY is expected to pay a dividend of $2 per share in 3 months and in 9 months. The current stock price is
A stock "XY" is expected to pay a dividend of $2 per share in 3 months and in 9 months. The current stock price is $85, and the risk-free rate of interest is 8.5% per annum with continuous compounding. Calculate the fair price of one 18-month forward contract on the stock "XY".
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