The spot price of an investment asset is 30 and the


The spot price of an investment asset is $30 and the risk-free rate for all maturities is 10% with continuous compounding. The asset provides an income of $2 at the end of the first year and at the end of the second year. What is the three-year forward price?

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Financial Management: The spot price of an investment asset is 30 and the
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