Question #4: Price on Futures Contract [10 Points] (a) A stock has a current price of $38 per share. The risk-free rate is 3.2 percent per year. If a futures contract on the stock has a delivery (maturity) date in nine months (T -0.75), what should the futures price be today? [4 Points (b) A stock has a current share price of $42.60 and a futures price of $42.95. If the maturity of the futures contract is four months, what is the monthly risk-free rate? [6 Points]