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Question #6 (10 points) The spot price of an investment asset is $40 and the risk-free rate for all maturities is 10% with continuous compounding.

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Question #6 (10 points) The spot price of an investment asset is $40 and the risk-free rate for all maturities is 10% with continuous compounding. The asset provides an income of $3 at the end of the first year and at the end of the second year. What is the three-year forward price?e

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