Question: Suppose you enter into a 8-month forward contract on a non-dividend-paying stock when the stock price is $27 and the risk-free interest rate (cont. comp)

Suppose you enter into a 8-month forward contract on a non-dividend-paying stock when the stock price is $27 and the risk-free interest rate (cont. comp) is 8% per annum. What is the forward price?

(round to the nearest 0.01)

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