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Consider an investment asset. The current spot price of the asset is $14 and the risk- free rate for all maturities is 1% per annum

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Consider an investment asset. The current spot price of the asset is $14 and the risk- free rate for all maturities is 1% per annum with continuous compounding. The asset provides an income of $3 at the end of the first year and $1 at the end of the second year. What is the three-year forward price for this investment asset? $15.46 $11.39 $11.00 $12.80 Consider an investment asset. The current spot price of the asset is $14 and the risk- free rate for all maturities is 1% per annum with continuous compounding. The asset provides an income of $3 at the end of the first year and $1 at the end of the second year. What is the three-year forward price for this investment asset? $15.46 $11.39 $11.00 $12.80

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