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Question 7. 10 pts Question 7. On January 1 a share is priced at $1,000. The share pays a dividend every 6 months. The last dividend payment was $20. The dividend amount increases 6% per annum convertible half-yearly. The first receivable dividend payment is due in 3 months. The continuously compounded risk-free rate of interest is 6% per annum. On January 1, an investor enters into a long position in a 12-month forward contract for delivery of one unit of the share. The forward price is determined so that his position is worth zero. (a) Calculate the forward price. (b) After 6 months, i.e. on July 1, the share price becomes $1,050. What is the value of the investor's position on July 1? Upload Choose a File Question 7. 10 pts Question 7. On January 1 a share is priced at $1,000. The share pays a dividend every 6 months. The last dividend payment was $20. The dividend amount increases 6% per annum convertible half-yearly. The first receivable dividend payment is due in 3 months. The continuously compounded risk-free rate of interest is 6% per annum. On January 1, an investor enters into a long position in a 12-month forward contract for delivery of one unit of the share. The forward price is determined so that his position is worth zero. (a) Calculate the forward price. (b) After 6 months, i.e. on July 1, the share price becomes $1,050. What is the value of the investor's position on July 1? Upload Choose a File