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Jim Trent, CFA has been asked to price a three month forward contract on 10,000 shares of Global Industries stock. The stock is currently trading at $58 and will pay a dividend of $2 today. If the effective annual risk-free rate is 6%, what price should the forward contract have? Assume the stock price will change value after the dividend is paid. A. $56.85. B. $58.85. C. $56.82. |