1. A non-dividend-paying stock has a current price of $12 per share. The risk-free rate is 4...

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1. A non-dividend-paying stock has a current price of $12 per share. The risk-free rate is 4 percent per year. If a futures contract on the stock matures in three months, what should the futures price be?

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Fundamentals Of Investments Valuation And Management

ISBN: 9781260013979

9th Edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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