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Apple shares are currently trading at $100/share and paying a 1% dividend quarterly. The current prevalent risk-free rate is 5% per annum. Calculate Apples 3-month

Apple shares are currently trading at $100/share and paying a 1% dividend quarterly. The current prevalent risk-free rate is 5% per annum. Calculate Apples 3-month forward price. (Note: you are looking for 3-month forward rate not annual)

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