This assignment repeats the work done in class using a company named Nodiv.

The current share price of Nodiv stock is $$50,$ and it pays no dividends.

Thus, the $1-$year forward price is $$53\mathrm{.}00,$ assuming the risk$-$free interest rate is $6\%.$

Write the payoff in the table from a long futures position where you are obligated to buy at

the contract price. Write the payoff in the table from a short futures position where you are

obligated to sell at the contract price. Draw the payoff diagram for each position.