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The 15-month zero rate is 6.2% per annum with annual compounding. The 12-month to 15-month forward rate is 7% per annum with continuous compounding. You

The 15-month zero rate is 6.2% per annum with annual compounding. The 12-month to 15-month forward rate is 7% per annum with continuous compounding. You have just obtained the delivery price for a 6 month forward on a non dividend paying stock where the spot price of the stock is 133 and the delivery price is 136

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