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General Motors Company plans to pay a $5.80 dividend per share in 3 months and a $7.00 dividend in 6 months. General Motor's share price
General Motors Company plans to pay a $5.80 dividend per share in 3 months and a $7.00 dividend in 6 months. General Motor's share price today is $55.80 and the continuously compounded quarterly interest rate is 1.5%. What is the price of a prepaid forward contract, which expires immediately after the second dividend? (Hint: Prepaid Forward Price with Discrete Dividends.) $43.00 O $42.18 O$43.29 $42.70
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