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use the PV of $40 for 9 months ive asked this question before: the below answer is incorrect 3. Calculate the fair value of a

image text in transcribed use the PV of $40 for 9 months
ive asked this question before: the below answer is incorrect
image text in transcribed
3. Calculate the fair value of a futures contract with the following information. The current or spot price is $900, time remaining to expiration of the contract is 9 months; income generated from the asset is $40, and interest rate is 4%. 3. Calculate the fair value of a futures contract with the following information. The current or spot price is $900, time remaining to expiration of the contract is 9 months; income generated from the asset is $40, and interest rate is 4%. (900-40) *e^(4%*0.75) FO-860*e (0.03) F0-860*1.030455 F0-886.1909

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