What is the forward price

Reference no: EM13242795

A stock is expected to pay a dividend of $2.20 per share in 1 months and in 4 months. The stock price is $54, and the risk-free interest rate is 11% 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. What is the forward price?
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Reference no: EM13242795

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