Question: (b) Consider a 9 month forward contract on a stock when the current stock price is $45. Assume the risk free rate of interest (continuously

(b) Consider a 9 month forward contract on a stock when the current stock price is $45. Assume the risk free rate of interest (continuously compounded) is 3% per year for all maturities, and the dividends of $0.50 per share are expected after 3 months, 6 months, and 9 months. What should be the current theoretical 9 month forward price of the stock based on the $ 45 spot price

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