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Contemplate a 9 month futures contract in which the underlying asset is priced at $45 with a 9 month risk free rate of 8.5%. The

Contemplate a 9 month futures contract in which the underlying asset is priced at $45 with a 9 month risk free rate of 8.5%. The asset pays an income equal to 5.5% per annum with quarterly compounding. What is the forward price?

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