The price of Stock A is $$148\mathrm{.}89.$ The annualized risk$-$free rate in the economy is $3\mathrm{.}5\%.$ A

$9-$month futures contract on Stock $A$ is priced at $$153.$ If you do cash$-$and$-$carry or

reverse cash$-$and$-$carry arbitrage $($we didn't cover reverse cash$-$and$-$carry in class, but it's

just the opposite of cash$-$and$-$carry$),$ what will your annualized interest rate of investing

$($for cash$-$and$-$carry$)$ or borrowing $($for reverse cash$-$and$-$carry$)$ be$?$ Write your answer in

decimals and go out four places $-$ for example, write $4\mathrm{.}5\%$ as $\mathrm{.}0405.$