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please show steps answer should be 1.1805 BUG's stock price $ is $50 today. It pays a dividend of $0.25 after two months and $0.30

image text in transcribedplease show steps answer should be 1.1805
BUG's stock price $ is $50 today. It pays a dividend of $0.25 after two months and $0.30 after five months. The continuously compounded interest rate is 1.17 percent per year. If the four-month forward price is $51.13, the arbitrage profit that you can make today by trading one forward contract and other securities is: [round to two decimal places]

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