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Consider a forward contract on a non-dividend-paying stock. Assume that the stock is as risky as the market index (i.e., the beta of this stock

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Consider a forward contract on a non-dividend-paying stock. Assume that the stock is as risky as the market index (i.e., the beta of this stock is 1.). This forward contract will mature at time T (i.e., some time in the future). Is the (properly determined) forward price of this stock greater than, less than or equal to the expected time- T spot price of this stock, E(ST)? Why

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