ABBA Plc stock will pay a GH¢1.50 dividend in 3 months time, and a second GH¢2.00 in 6 months. The stock price is currently GH¢44. The risk-free rate is 10% (continuously compounded). What is the value of a long forward contract that will be delivered in 7 months time, at a delivery price of GH¢41.90?
