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An investor bought a one-year forward contract on a dividend paying stock six months ago with a fair forward price of $50 (i.e., remaining maturity

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An investor bought a one-year forward contract on a dividend paying stock six months ago with a fair forward price of $50 (i.e., remaining maturity on the contract is six months.) The stock will pay a $1/share dividend 4 months later. The stock is currently trading at $50 and the current continuously compounded risk-free rate is 10% per annum. What is the current value of the forward contract to the investor? O -$3.12 O -$6.99 O 1.47 0

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