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Suppose that a stock is expected to pay a dividend of 5 per share in 6 months. The one-year forward price for the stock is
Suppose that a stock is expected to pay a dividend of 5 per share in 6 months. The one-year forward price for the stock is 3.24 more than the current price of the stock, and 8.05 more than the one-year prepaid forward price. Calculate the one-year prepaid forward price.
Group of answer choices
95.93
101.92
103.92
99.92
97.92
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