Question
A non-dividend-paying stock is currently priced at $38.29. The risk-free rate is 4.1 percent, and a futures contract on the stock matures in five months.
A non-dividend-paying stock is currently priced at $38.29. The risk-free rate is 4.1 percent, and a futures contract on the stock matures in five months. What price should the futures be? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)
Futures price $
PLEASE FOLLOW INSTRUCTIONS CAREFULLY AND PLEASE FOLLOW INSTRUCTIONS ON ROUNDING DECIMALS, PLEASE AND THNAK YOU !!!!!!!!!!!!!!
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The Concepts And Practice Of Mathematical Finance
Authors: Mark S. Joshi
2nd Edition
0521514088, 9780521514088
