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c. The current price of a stock is $150, and the continuously compounded risk-free interest rate Is 4%. A dividend will be paid semi-annually for

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c. The current price of a stock is $150, and the continuously compounded risk-free interest rate Is 4%. A dividend will be paid semi-annually for the next 5 years, with the first dividend occurring 6 months from now. The amount of the first dividend is $1.70, but each subsequent dividend will be 2% higher than the one previously paid. Determine the 5-year prepaid forward price on this stock. (5 marks} n

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