A single stock futures contract on a nondividend-paying stock with a current price $130 has a maturity of one year.

a. If the T-bill rate is 5.2%, 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 5.2% 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 5.5% and the maturity of the contract is three years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Futures price