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A non-dividend paying stock has a futures contract with a price of $77.50 and a maturity of eight months. If the risk-free rate is 23

A non-dividend paying stock has a futures contract with a price of $77.50 and a maturity of eight months. If the risk-free rate is 23 percent what is the price of the stock? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Stock price

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