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Sue is considering entering into either (a) a 6-month long forward contract with a forward price of $104 or (b) a European-style-6-month call with a

Sue is considering entering into either (a) a 6-month long forward contract with a forward price of $104 or (b) a European-style-6-month call with a strike price of $100 and a premium of $10.35 If the effective rate of interest for a 6-month period is 4%, at what spot price at expiration would sue's profit be the same under both contracts?

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