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Consider a single stock futures contract on the stock of Brandex, a company that currently pays no dividends. Each contract calls for delivery of
Consider a single stock futures contract on the stock of Brandex, a company that currently pays no dividends. Each contract calls for delivery of 1,000 shares of stock in one year. The one-year T-bill rate is 4.00%. If Brandex stock now sells for $115.00, What should be the Brandex 1-year stock futures price? Enter your answer in the following format: 123.45 Hint: Answer is between 107.64 and 130.36
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