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The current price for XYZ's, non-dividend paying stock is $20. What is the fair forward price for its stock 6-months from today if the risk-free

The current price for XYZ's, non-dividend paying stock is $20. What is the fair forward price for its stock 6-months from today if the risk-free rate is 8%?

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$20

$20.40

$20.67

$20.82

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