Calculate the fair forward price

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Question: ANZ share price is currently $40. They are expected to pay a $4 dividend 3 months from now and a $2 dividend 9 months from now. The riskfree rate of interest is 4% per annum.

Calculate the fair forward price (F) for the delivery of ANZ shares one year from now.

Enter you answer with 2 decimal places.

Reference no: EM133223672

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