Provide the value of the contract rounded

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A stock's current price is 126 and it has declared dividends of $0.7/share each to be paid in 38 days, 158 days, and 278 days from now. You are purchasing a 300-day forward contract. (Assume that the risk free rate is 2%.) What is the value of this forward contract 200 days after initiation, if the stock's price at that time is 136? Provide the value of the contract rounded to two decimals.

Reference no: EM132023691

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