Question: A forward contract to be matured in one year on a coupon-bearing bond is currently $950. A $50 coupon payment is expected after six and

A forward contract to be matured in one year on a coupon-bearing bond is currently $950. A $50 coupon payment is expected after six and nine months. The continuous compounding risk-free interest rate is 6% per annum for all maturities. What is the equilibrium price of this one-year forward contract?

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