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A stock is currently selling for $38.50 a share and has a dividend yield of 1.75 percent. The risk-free rate is 3.5 percent. Assuming spot-futures

A stock is currently selling for $38.50 a share and has a dividend yield of 1.75 percent. The risk-free rate is 3.5 percent. Assuming spot-futures parity exists, what is the 2-month futures price on this stock?

A) $38.50

B) $38.61

C) $38.83

D) $42.26

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