Question: A $ 5 3 stock pays a $ 1 dividend every 3 months, with the first dividend coming 3 months from today. The annual continuously

A $53 stock pays a $1 dividend every 3 months, with the first dividend coming 3 months from today. The annual continuously compounded risk-free rate is 6%. What is the price of a prepaid forward contract that expires 1 year from today, immediately after the fourth-quarter dividend?
Question 1 options:
$46.1467
$47.1467
$48.1467
$49.1467
$53

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