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Consider a 6-month forward contract on a stock when the stock price is 100. We assume that the risk-free rate of interest (continuously compounded) is

Consider a 6-month forward contract on a stock when the stock price is 100. We assume that the risk-free rate of interest (continuously compounded) is 8% per annum for all maturities. We also assume that dividends of $1 per share are expected after 4 months, 8 months, and 12 months. Price this forward contract.

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