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Today the spot price of a stock is $100. After six months from now, the stock is expected to provide a dividend income of 10%
Today the spot price of a stock is $100. After six months from now, the stock is expected to provide a dividend income of 10% of the stock price at that time. The risk-free rate is 10% with semiannual compounding for the next two years. Then, the two-year forward price on the stock is expected to be $___________. (*Suppose that the size of the forward contract is simply one share of the stock.)
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