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a. A single-stock futures contract on a non-dividend-paying stock with current price $230 has a maturity of 1 year. If the T-bill rate is 4%,

a. A single-stock futures contract on a non-dividend-paying stock with current price $230 has a maturity of 1 year. If the T-bill rate is 4%, what should the futures price be? (Round your answer to 2 decimal places.)

b. What should the futures price be if the maturity of the contract is 6 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

c. What should the futures price be if the interest rate is 7% and the maturity of the contract is 6 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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