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The spot price is $48.00. A 6 month call option with a $50 strike has a premium of $5.31. A 6 month put option with

The spot price is $48.00.

A 6 month call option with a $50 strike has a premium of $5.31.

A 6 month put option with a $50 strike has a premium of $4.47.

The risk free interest rate is 7.50% compounded continuously.

What is the present value of dividends payable over the next 6 months?

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