Mr. Jackson is faced with a scenario and as a final year banking and finance student; you are required to provide a solution to him. He wants to know what the expected price of a futures contract on the 12 percent coupon bond of N$500 that is trading in a market that has a short-term financing rates of 7 percent. Required: Assist Jackson in determining the expected price of the above futures contract if it is expiring in 9 months. (10 marks)