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The spot rate on a non-dividend-paying stock is $42.30. The risk-free rate is 2.25 percent and the market rate is 11.50 percent. What is the

The spot rate on a non-dividend-paying stock is $42.30. The risk-free rate is 2.25 percent and the market rate is 11.50 percent. What is the three-month futures rate if spot-futures parity exists?

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