Consider a long forward contract on a share (stock) with a current price of $59...
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Accounting
Consider a long forward contract on a share (stock) with a current price of $59 and the risk-free rate is 0.06 per year (in decimal places) for all maturities, the stock pays a dividend of $ 0.83 every 0.46 years. The next dividend is due in 0.46 months. What should the 1year forward price be?
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