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You are given the following information about company ABC: (i) The current price of its stock is $50. (ii) ABC will pay a single dividend
You are given the following information about company ABC: (i) The current price of its stock is $50. (ii) ABC will pay a single dividend of D dollars in nine months. (iii) The 1-year forward price for ABC is $50.13. (iv) The prepaid 1-year forward price for ABC is $47.78. Find the value of D
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