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Consider a 2-year forward on a stock index. The current value of the index is 2,500. The risk-free interest rate is 4% per annum, and

Consider a 2-year forward on a stock index. The current value of the index is 2,500. The risk-free interest rate is 4% per annum, and the dividend yield on the stock index is 3% per annum. What is the 2-year forward price?

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