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Suppose that Google stock is trading at $471 per share. Google does not pay any...

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Finance

Suppose that Google stock is trading at $471 per share. Google does not pay any dividends. Short selling the stock is feasible at zero cost. You can borrow at an annual rate of 5.9 and lend at 4.9% (simple compounding). What is the highest forward price that will not allow arbitrage? Please round to two decimal places

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