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An investor shorts 100 shares when the share price is $50 and closes out the position six months later when the share price is $45.8.

An investor shorts 100 shares when the share price is $50 and closes out the position six months later when the share price is $45.8. The shares pay a dividend of $1.6 per share during the six months. How much does the investor gain? Please round your answer to two decimal places.

The spot price of an investment asset that provides no income is $57 and the risk-free rate for all maturities (with continuous compounding) is 10%. What is the 4-year forward price? (Please round your answer to two decimal places)

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