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Currently, a non-dividend-paying stock is trading at $24/share. The annual risk-free rate is 4%. If a futures contract on this stock matures in six months,

Currently, a non-dividend-paying stock is trading at $24/share. The annual risk-free rate is 4%. If a futures contract on this stock matures in six months, what will be the appropriate futures price?

$25.92
$12.00
$23.04
$24.48

Hint: F_T = S (1 + r)^T

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