Question: A risky security has dividends payable continuously at a rate of 2.5% per year. After 8 months, the value of the security is $860. The

A risky security has dividends payable continuously at a rate of 2.5% per year. After 8 months, the value of the security is $860. The forward price after 8 months on a forward contract on this security with delivery date of 25 months is F(t,T) = 891. Find the value of a 25-month zero-coupon bond purchased in 8 months with a face value of $440. Round your answer to the nearest cent.

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