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Slowistan is a very small country whose currency is the US dollar. On Jan 1 2021 the price of a stock S was quoted for
Slowistan is a very small country whose currency is the US dollar. On Jan 1 2021 the price of a stock S was quoted for sale on the Slowistan stock market at $37. Slowistans stock market settlement convention is T + 3 months. Suppose all interest rates are 5% per month, no matter how many days in the month, to be compounded for longer periods. How would they quote the stock price if Slowistan suddenly changes its settlement convention to T+ 2 months? Assume the year consists of 12 months each 30 days long.
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