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A single stock futures contract on a nondividend-paying stock with current price $190 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 $190 has a maturity of one year. a. If the T-bill rate is 6.0%, what should the futures price be?
b. What should the futures price be if the T-bill rate is still 6.0% and the maturity of the contract is three years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
c. What if the interest rate is 6.7% and the maturity of the contract is three years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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