Calculate the forward price

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Reference no: EM13721584

A stock is expected to pay a dividend of $2.40 per share in 1 months and in 4 months. The current stock price is $51, and the risk-free interest rate is 7% per annum with continuous compounding for all maturities. An investor has just taken a long position in a 5-month forward contract on the stock. Calculate the forward price.

Reference no: EM13721584

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