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a . A single - stock futures contract on a non - dividend - paying stock with current price $ 1 4 0 has a

a. A single-stock futures contract on a non-dividend-paying stock with current price $140 has a maturity of 1 year. It the I-bill rate is 3%,
what should the futures price be?(Round your answer to 2 decimal places.)
Answer is complete and correct.
b. What should the futures price be if the maturity of the contract is 3 years? (Do not round intermediate calculations. Round your
answer to 2 decimal places.)
Answer is complete and correct.
c. What should the futures price be if the interest rate is 5% and the maturity of the contract is 3 years? (Do not round intermediate
calculations. Round your answer to 2 decimal places.)
Answer is complete but not entirely correct.
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