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The spot price of an investment asset is $29 and the risk-free rate for all maturities is 13.3% with continuous compounding. The asset provides an
The spot price of an investment asset is $29 and the risk-free rate for all maturities is 13.3% with continuous compounding. The asset provides an income of $4.0 at the end of the first year and at the end of the third year. What is the three-year forward price?
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