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OneChicago has just introduced a new single stock futures contract on the stock of Brandex, a company that currently pays no dividends. Each contract calls

image text in transcribed OneChicago has just introduced a new single stock futures contract on the stock of Brandex, a company that currently pays no dividends. Each contract calls for delivery of 1,000 shares of stock in one year. The T-bill rate is 4% per year. Required: a. If Brandex stock now sells at $130 per share, what should the futures price be? (Round your answer to 2 decimal places.)

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