Question
A non-dividend-paying stock is currently priced at $29.09. The risk-free rate is 3.2 percent, and a futures contract on the stock matures in six months.
A non-dividend-paying stock is currently priced at $29.09. The risk-free rate is 3.2 percent, and a futures contract on the stock matures in six months. What price should the futures be? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)
| Futures price | $ |
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
978-0133866292
