In: Finance
the spot price of stock is $25. the dividends of $0.5 per share are expected after 3 months, 6 months, and 9 months. assuming that interest rates are 8% per annum for all maturities, calculate the forward price of stock for delivery in 11 months.
ANSWER IN THE IMAGE ((YELLOW HIGHLIGHTED). FEEL FREE TO ASK ANY DOUBTS. THUMBS UP PLEASE. THUMBS UP PLEASE.