Question: Consider a 1 year forward contract on a stock when the stock price is $30. We assume that the risk-free rate of interest continuously compounded

Consider a 1 year forward contract on a stock when the stock price is $30. We assume that the risk-free rate of interest continuously compounded is 6% per annum for all maturities. We also assume that dividends of $4 per share are expected after three months, six months, nine months and 12 months. What is the present value of the dividends? w O $11.47 O $15.41 0 $4.00 O $3.77

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