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10.00 points A single stock futures contract on a nondividend-paying stock with current price $120 has a maturity of one year. a. If the T-bill
10.00 points A single stock futures contract on a nondividend-paying stock with current price $120 has a maturity of one year. a. If the T-bill rate is 3.2%, what should the futures price be? (Round your answer to 2 decimal places.) Futures price b. what should the futures price be if the T-bill rate is still 3.2% and the maturity ofthe contract is three years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Futures price c. what if the interest rate is 5.3% and the maturity of the contract is three years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Futures price
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