The current price of a stock is 50. It pays a dividend of $2 every 2 months, with the first dividend to be paid 4 months from today and the last dividend to be paid in 1 year. Find the fallowing:

1. Suppose the continuously compounded risk-free interest rate is 5%. Calculate the price of a prepaid forward contract that expires 1 year from today, immediately after the last dividend.

2. Suppose the annual effective risk-free interest rate is 5%. Calculate the price of a prepaid forward contract that expires 1 year from today, immediately after the last dividend.