Question: A risky security has dividends payable continuously at a rate of 2% per year. After 6 months, the value of the security is $700. The

A risky security has dividends payable continuously at a rate of

A risky security has dividends payable continuously at a rate of 2% per year. After 6 months, the value of the security is $700. The forward price after 6 months on a forward contract on this security with delivery date of 15 months is F(t,T) = 710.58. Find the value of a 15-month zero-coupon bond purchased in 6 months with a face value of $410. Round your answer to the nearest cent. Value of bond $

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