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Please show work and formulas used A $56 stock pays a dividend of $1.80 every 6 months, with the first dividend coming 6 months from

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A $56 stock pays a dividend of $1.80 every 6 months, with the first dividend coming 6 months from today. The continuously compounded risk-free rate is 9%. What is the price of a prepaid forward contract that expires 1 year from today, immediately after the second dividend? Selected Answer: c. $54.28 Answers: a. $57.59 b. $53.33 c. $54.28 d. $56.00 d. $52.63

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