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Stock A is currently has a price of $100. The yield curve is flat at 4% annually, compounded quarterly. Stock A will pay a dividend

Stock A is currently has a price of $100. The yield curve is flat at 4% annually, compounded quarterly. Stock A will pay a dividend of $5 in one quarter. You are asked to calculate the fair price of a futures contract for stock A. The contract expires one quarter from now and expires one day after the dividend is paid.

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