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Question: jackson intends to invest into the stock of abc company...

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Jackson intends to invest into the stock of ABC company, but he is not able to afford immediately. He wants to do this in the next three months by signing a forward contract with 3 months of maturity on the share of this company. In the stock market, the share is trading at $32 per share. Jackson also got the information of treasury bond, which offers the return of 5% per year. What is the fair price of forward contract?

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