Question
A non-dividend-paying stock is currently priced at $61.15. The risk-free rate is 2.2 percent and a futures contract on the stock matures in five months.
A non-dividend-paying stock is currently priced at $61.15. The risk-free rate is 2.2 percent and a futures contract on the stock matures in five months. What price should the futures be?
Futures price?
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Mergers, Acquisitions and Other Restructuring Activities
Authors: Donald DePamphilis
8th edition
9780128024539, 128013907, 978-0128013908
