Question
A non-dividend-paying stock is currently priced at $43.03. The risk-free rate is 3 percent and a futures contract on the stock matures in four months.
A non-dividend-paying stock is currently priced at $43.03. The risk-free rate is 3 percent and a futures contract on the stock matures in four months. What price should the futures be?
(Do not round intermediate calculations. Round your answer to 2 decimal places.)
| Futures price = |
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Fundamentals Of Futures And Options Markets
Authors: John Hull
9th Global Edition
1292422114, 9781292422114
