Verify that going long a forward contract and lending the present value of the forward price creates

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Verify that going long a forward contract and lending the present value of the forward price creates a payoff of one share of stock when
a. The stock pays no dividends.
b. The stock pays discrete dividends.
c. The stock pays continuous dividends. Discuss.
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Derivatives Markets

ISBN: 978-0321543080

4th edition

Authors: Rober L. Macdonald

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