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Apex Exchange has just introduced a futures contract on the stock of Brandex, a company that currently pays no dividends. Each contract calls for delivery
Apex Exchange has just introduced a futures contract on the stock of Brandex, a company that currently pays no dividends. Each contract calls for delivery of shares of stock in one year. The Tbill rate is per year.
Required:
a If Brandex stock now sells at $ per share, what should the futures price be
Note: Round your answer to decimal places.
tableFutures price,$
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