What should be the contractual forward price

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A one-year forward contract on a non-dividend-paying stock is entered into when the stock price is $49.83, the risk-free rate of interest is 2.1% per annum with continuous compounding, and the repo rate on the stock is 11 basis points per annum. What should be the contractual forward price (in dollars)?

[Answer with a least two decimals, no unit, and no thousand separators; use "." as decimal separator.]

Reference no: EM133253208

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