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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