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Stock Q has an expected return of 8%: 5% is the expected capital return, the rest being the dividend yield. Stock Q is currently priced

Stock Q has an expected return of 8%: 5% is the expected capital return, the rest being the dividend yield. Stock Q is currently priced at $58. If the risk-free interest rate (effective annual) is 5%, calculate the fair futures price on an eight-month contract for stock Q.

a. $59.16

b. $67.95

c. $59.92

d. $58.77

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