Consider a $12-$month forward contract on a stock when the stock price is

$$50.$ We assume that the risk$-$free rate of interest $($compound quarterly$)$ is $8\%.$ We also assume that $($cash$)$ dividends of $$0\mathrm{.}75$ per share are expected after $3$ months, $6$ months, $9$ months, $12$ months, etc. $($That is$,$ a cash dividend is paid at the end of each quarter.$)$ The cash flow is given as follows

$(-50,0,0,0\mathrm{.}75,0,0,0\mathrm{.}75,0,0,0\mathrm{.}75,0,0,0\mathrm{.}75).$

A cash dividend is a payment made by a company to its stockholders in the form of periodic distributions of cash.

Determine the theoretic price $($to $2$ decimal numbers$)$ of this forward contract.