(Mark Value = 3) 5. A one-year forward contract on a stock has a price of $75. The stock is expected to pay a dividend o

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answerhappygod
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(Mark Value = 3) 5. A one-year forward contract on a stock has a price of $75. The stock is expected to pay a dividend o

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(Mark Value = 3)
5. A one-year forward contract on a stock has a price of $75.
The stock is expected to pay a dividend of $1.5 at two future
times, today (time 0) and six months from, and the annual effective
risk-free rate is 6%.
Calculate the current stock price.
show work
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