HAW, Inc. plans to pay a $1.10 dividend per share in 3 months and a $1.15 dividend in 6 months. HAWs share price today is $45.60 and the continuously compounded interest rate is 8.4%. What is the price of a forward contract with delivery immediately after the second dividend?
(a) $45.28
(b) $45.96
(c) $45.60
(d) $46.24
(e) None of the above