 In this section, I will explain how to find out the forward-spot-price parity relation when we are going to get the dividend. So, now we assume that we want to invest in such a stock in which we will get dividends. In this kind of situation, how to find out the forward-spot-price parity relation and for that matter, let's take up the help of a formula which can be used to understand this concept. So, we said that suppose if you are expecting to invest in a stock where you will get the dividend, its value is D, capital D. And right now, the price of the stock that is given by capital S, the current-spot-price, the current-spot-price parity should be equal to D, the dividend plus the future value. The future-price of that particular stock divided by 1 plus R. And if we solve this particular equation or formula for this capital F, i.e. future-price value, if we want to get it out of this, then it would simply be, right now what we have done is we have multiplied this 1 plus R with this S and if we take down this D, then you will get minus D here. And if we multiply this capital S, which is the spot-price, with 1 plus R, then this S plus RS minus D is done. So, right now, with the help of this, you can estimate that your future-price will be greater than the spot-price only if your dividend is smaller than the expected rate of return, multiplied by the spot-price. So, you have got this relationship with the help of this which is saying that the value of our dividend, if the dividend is not smaller than RS, then you will get a negative value here. Negative value means that your spot-price has become greater than the future-price or this kind of transaction. So, if you want the forward-price to be larger than the spot-price, then we need to make it sure that your dividend should be smaller than the rate of return multiplied by the spot-price. So, this is something which needs to be taken into account when we go for the forward-spot-price parity relation. If for a situation, when we are investing in the stocks, on which you will get dividends or cash payouts, after when they get matured or when their dividends' calculation fiscal year will be over, then you will get the dividends and then you will use this formula.