Stock XYZ trades at a current level of S0 = 120, the continuously compounded dividend yield is 2.5%, the continuous interest rate is 4%. Consider the three standard products:

A fair priced forward contract on XYZ with maturity T = 3 years.

A Bond with maturity T = 3 paying the continuous interest rate of 4%

The stock XYZ paying the continuously compounded dividend yield of 2.5%

Similar as in the lecture (there we had no dividends) use the forward and the bond to create a synthetic stock and the stock and the forward to create a synthetic bond with maturity T = 3 years. List all cashflows.