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A single stock futures contract on a nondividend-paying stock with current price $150 has a maturity of one year. a. If the T-bill rate is
A single stock futures contract on a nondividend-paying stock with current price $150 has a maturity of one year. a. If the T-bill rate is 3%, what should the futures price be? (Round your answer to 2 decimal places.) Futures price b. What should the futures price be if the T-bill rate is still 3% and the maturity of the contract is three years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Futures price c. What if the interest rate is 5% and the maturity of the contract is three years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Futures price
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