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A hypothetical futures contract on a nondividend-paying stock with a current spot price of $20 has a maturity of 1 year. If the T-bill rate

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A hypothetical futures contract on a nondividend-paying stock with a current spot price of $20 has a maturity of 1 year. If the T-bill rate is 4%, what should the futures price be? Multiple Choice $20.00 $22.80 O $20.80 $19.20 O

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