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Consider a stock priced at $150 and continuously compounded risk free interest rate is 5%. A dividend will be paid every 6 months for next

Consider a stock priced at $150 and continuously compounded risk free interest rate is 5%. A dividend will be

paid every 6 months for next 6 years with first dividend occuring 6 months from now. First dividend is $2, and it

will increase by 1% for every 6 months. Find the forward price on this stock for 6 years.

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