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Stock YMH is trading at $24.5 per share and is scheduled to pay a $0.49 dividend per share in six months. The effective 6-month interest
Stock YMH is trading at $24.5 per share and is scheduled to pay a $0.49 dividend per share in six months. The effective 6-month interest rate is 2.1% and the YMH forward contract with 6-month maturity is trading at $25.26 (the forward contract expires right after the dividend is paid). If you have $9800 now, but cannot borrow, what is the maximum riskless profit you can generate in six months (i.e., at maturity)
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