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Consider the commodities and financial assets listed in the following table: Asset Spot Price Comments Magnoosium $ 2 , 9 7 0 per ton Net

Consider the commodities and financial assets listed in the following table:
Asset Spot Price Comments
Magnoosium $2,970 per ton Net convenience yield =5% per year
Oat bran $0.61 per bushel Net convenience yield =0.7% per month
Biotech stock index $141.9 Dividend =0
Allen Wrench Co. common stock $59.70 Cash dividend = $4.10 per year
5-year Treasury note $110.6310% coupon
Westonian ruple 3.27 ruples = $114% interest rate in ruples
The risk-free interest rate is 8% a year, and the term structure is flat.
a. Calculate the six-month futures price for each case. (Do not round intermediate calculations. Round the Westonian ruple value to 3 decimal places and the other answers to 2 decimal places.)Asset Future Price
Magnoosium per ton
Oat bran per bushel
Biotech stock index
Allen Wrench Co. common stock
5-year Treasury note
Westonian ruple ruples/$ e. Suppose Allen Wrench stock falls suddenly by $14.25 per share. Investors are confident that the cash dividend will not be reduced. What happens to the futures price? (Do not round intermediate calculations. Round your answer to 2 decimal places.) The futures price will toa. Calculate the six-month futures price for each case. (Do not round intermediate calculations. Round the Westonian ruple value to
3 decimal places and the other answers to 2 decimal places.)
e. Suppose Allen Wrench stock falls suddenly by $14.25 per share. Investors are confident that the cash dividend will not be reduced.
What happens to the futures price? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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