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8. a. A single-stock futures contract on a non-dividend-paying stock with current price $150 has a maturity of 1 year. If the T-bill rate is

image text in transcribed 8. a. A single-stock futures contract on a non-dividend-paying stock with current price $150 has a maturity of 1 year. If the T-bill rate is 3%, what should the futures price be? b. What should the futures price be if the maturity of the contract is 3 years? c. What if the interest rate is 6% and the maturity of the contract is 3 years

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