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Consider a stock whose price on Jan. 1, 2009 is $100 and it will pay a dividend of $1.50 on July 1, 2009 and $2.00

Consider a stock whose price on Jan. 1, 2009 is $100 and it will pay a dividend of $1.50 on July 1, 2009 and $2.00 on Oct. 1, 2009. Suppose the continuously compounded interest rate is 5%. Find the forward price on Jan. 1, 2009 for delivery of the stock on Nov. 1, 2009.

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