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The price of Microsoft (MSFT) today is $200 per share. MSFT has committed to make a $5.25 dividend payment in one year. The c.c. risk-free

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The price of Microsoft (MSFT) today is $200 per share. MSFT has committed to make a $5.25 dividend payment in one year. The c.c. risk-free interest rate is three percent. Assume there is no arbitrage. What is the one-year forward price of MSFT? (Round to Three decimal places)

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