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The futures exchange One Chicago just created a single stock futures contract on TWTR stock, which currently pays no dividends. Each contract calls for delivery

The futures exchange One Chicago just created a single stock futures contract on TWTR stock, which currently pays no dividends. Each contract calls for delivery of 100 shares of stock in one year. The T-bill rate is 1% per year. If TWTR stock currently sells at $41 per share, what shoubld the futures price be?

a)

$40.59

b)

$41.00

c)

$41.41

d)

Depends on demand

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