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The current price of AAPL ( Apple stock ) is $ 3 0 8 . Suppose that it never pays dividends. The current 2 -

The current price of AAPL (Apple stock) is $308. Suppose that it never pays
dividends. The current 2-year spot rate is 2.5%. Calculate the no-arbitrage price of a
two-year forward on AAPL.

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