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McDonalds is a stock that pays dividends. Suppose the current price of McDonalds is $30 and the risk-free rate for all maturities is 10% with

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McDonalds is a stock that pays dividends. Suppose the current price of McDonalds is $30 and the risk-free rate for all maturities is 10% with continuous compounding. McDonalds will pay a dividend of $2 at the end of the first year and also at the end of the second year. It will NOT pay. dividend at the end of the third year. What is the three-year forward price for McDonalds

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