A non-dividend-paying stock is currently priced at $16.40. The risk-free rate is 3 percent and a futures

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A non-dividend-paying stock is currently priced at $16.40. The risk-free rate is 3 percent and a futures contract on the stock matures in six months. What price should the futures be?

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Fundamentals of Investments, Valuation and Management

ISBN: 978-1259720697

8th edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin

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Question Posted: Nov 15, 2018 10:52 AM

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A non-dividend-paying stock is currently priced at $16.40. The risk-free rate is 3 percent and a futures

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