What should the one-year forward price be

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Question - Consider a long forward contract on a share (stock) with a current price of $57 and the risk-free rate is 0.5 per year (in decimals) for all the maturities, the stock pays a dividend of $0.92 every 0.47 years. The next dividend is due in 0.47 months. What should the 1-year forward price be?

Reference no: EM133157322

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