Question: consider a 9-month forward contract on a stock when the current stock price is 445. Assume the risk-free rate of interest( continuously compounded) is 3%

consider a 9-month forward contract on a stock when the current stock price is 445. 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, and 9. What should be the current theoretical 9-month forward price of the stock based of the $45 spot price?

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