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Stock A has a spot price of 100. The current interest rate is 3.5% and the stock does not pay any dividend. The expected return

Stock A has a spot price of 100. The current interest rate is 3.5% and the stock does not pay any dividend. The expected return of the stock according to CAPM is 10%. What is the 2 year forward price assuming that the stock will not pay any dividend in the next 2 years?

Answer is $107.12

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