Apple Inc. shares have a current per share price of $90 and pay a dividend of $0.75

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Apple Inc. shares have a current per share price of $90 and pay a dividend of $0.75 semi-annually. A dividend has just been paid. The risk-free rate of interest is 4% per annum.

What is the forward price of the shares in a forward contract for delivery in 24 months?

Related Book For answer-question

Corporate Financial Management

ISBN: 978-0273758839

5th edition

Authors: Glen Arnold

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Posted Date: Mar 21, 2023 06:16 AM

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Apple Inc. shares have a current per share price of $90 and pay a dividend of $0.75

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Corporate Financial Management

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