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Please explain this in a couple sentences. 1. The fair forward price of a non-dividend-paying stock is equal to S0erT, where S0 is the spot

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Please explain this in a couple sentences.

1. The fair forward price of a non-dividend-paying stock is equal to S0erT, where S0 is the spot price today of the stock, r is the riskless interest rate per year, and T is the length of time in years until delivery of the stock. Why is S0erT the fair forward price

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