An institutional investor expects the receipt of funds in 150 days, which the investor will use to buy a specific share. The share the investor wishes to purchase is currently selling for $19.50 and will pay dividends with a present value of $1.99. The risk-free rate is 5%. The investor takes a long position on the share by entering into a forward contract. Assume a 365-day year.

The forward price of the share is closest to $