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The spot price of an investment asset is $22 and the risk-free rate for all maturities is 9% with continuous compounding. The asset provides an

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The spot price of an investment asset is $22 and the risk-free rate for all maturities is 9% with continuous compounding. The asset provides an income of $3 at the end of the first year and at the end of the second year. What is the threelyear forward price? (Keep your answer to 2 decimal places)

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