Given the current spot price of a stock is $50, with a dividend yield of 3% and an annual risk-free interest rate of 5%, what is the estimated 6-month forward price?
看到这题时， 我是这样理解的：(50-pv divident)*(1+rf)T-t= f0(T)
divident=1.5
pv divident= 1.5/ 1.05 0.5次方=1.463850
（50-1.46385）/1.05 的0.5次方=49.7347 5
请问哪里错了呢？
