Consider the commodities and financial assets listed in the following table:e$.$ Suppose Allen Wrench stock falls suddenly by $$14\mathrm{.}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.$)$

Answer is complete but not entirely correct.

The futures price will

fall

to

$$,45\mathrm{.}45$

Asset Spot Price Comments

Magnoosium $$2,970$ per ton Net convenience yield $=5\%$ per year

Oat bran $$0\mathrm{.}61$ per bushel Net convenience yield $=0\mathrm{.}7\%$ per month

Biotech stock index $$141\mathrm{.}9$ Dividend $=0$

Allen Wrench Co$.$ common stock $$59\mathrm{.}70$ Cash dividend $=$ $$4\mathrm{.}10$ per year

$5-$year Treasury note $$110\mathrm{.}6310\%$ coupon

Westonian ruple $3\mathrm{.}27$ 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\mathrm{.}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\mathrm{.}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.$)$