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please show all steps 3. You are given the following information about ADZ stock: (i) The spot price of a stock is 95. (ii) The

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3. You are given the following information about ADZ stock: (i) The spot price of a stock is 95. (ii) The stock pays quarterly dividends of 1.50. (iii) The next dividend is payable 2 months from now. The continuously compounded risk-free interest rate is 0.03. Calculate the annualized forward premium for a 6-month forward on ADZ stock

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