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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 1
Consider a single stock 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 oneyear Tbill rate is
If Brandex stock now sells for $
How much should be the Brandex year stock futures price?
Enter your answer in the following format:
Hint: The answer is between and
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