VER A stook is expected to pay a dividend of $1 per share in four months and in nine months. The stock price is $50, and the risk free rate of interest is 8% per annum with continuous compounding for all maturities. An investor has just taken a short position in a twlove-month forward contract on the stock. a. What are the forward price and the initial value of the forward contract? b. Six months later, the price of the stook is $48 and the risk-free rate of interest is still 8% per annum. What are the forward price and the value of the short position in the forward contract? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph Arial V v 10pt ini !!! Blocks