Question: please show steps answer should be 111.2681 The current 9-month forward price for one YBM stock is $109.47. Over the next year, the stock pays

please show steps

answer should be 111.2681

The current 9-month forward price for one YBM stock is $109.47. Over the next year, the stock pays a single dividend of $3.8 after 6 and a half months. The risk-free rate in the market is 2.4% (continuously compounded). What is the current price of YBM stock if the market is free of arbitrage? [Provide your answer as a Dollar amount rounded to two decimal places.]

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