a. A single-stock futures contract on a non-dividend-paying stock with current price $220 has a maturity of 1 year. If the T-bill rate is 6%, what should the futures price be? (Round your answer to 2 decimal places.) Futures price b. What should the futures price be if the maturity of the contract is 4 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Futures price c. What should the futures price be if the interest rate is 8% and the maturity of the contract is 4 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Futures price Suppose the value of the S&P 500 stock index is currently 700. a. If the 1-year T-bill rate is 6% and the expected dividend yield on the S&P 500 is 4%, what should the 1-year maturity futures price be? Futures price b. What if the T-bill rate is less than the dividend yield, for example, 1%? The T-bill rate is less than the dividend yield, then the futures price should be (Click to select)