Question
Apple Inc. shares have a current per share price of $90 and pay a dividend of $0.75 semi-annually. A dividend has just been paid. The
Apple Inc. shares have a current per share price of $90 and pay a dividend of $0.75 semi-annually. A dividend has just been paid. The risk-free rate of interest is 4% per annum.
What is the forward price of the shares in a forward contract for delivery in 24 months?
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Corporate Financial Management
Authors: Glen Arnold
5th edition
978-1292178066, 129217806X, 273758837, 978-0273758839
