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The current price of the underlying instrument is 1000PLN. In a year (right after the expiry of the forward contract) this instrument will bring a

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The current price of the underlying instrument is 1000PLN. In a year (right after the expiry of the forward contract) this instrument will bring a dividend of PLN 70. In half a year the investor should bear the cost of storage of this instrument in the amount of PLN 50. If the current semi-annual interest rate is 4% (continuous interest rate) and the current annual interest rate is 5% (continuous interest rate), what should be the current forward price of this contract with time to maturity 1 year? a. 1072.30PLN b. 1032.79 PLN c. 1102.82PLN d. 1101.80 PLN

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