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You just bought a one - year futures contract on the stock of Brandex, a company that pays no dividend. The risk - free rate

You just bought a one-year futures contract on the stock of Brandex, a company that pays no dividend. The risk-free rate is 5.25% per year. The stock is currently trading at $335 per share.
a. According to the spot-futures parity theorem, what should be the price of the futures contract today?
b. Nine months later, the stock price in the spot market drops by 2.9%. What should be the price of the futures contract at that time?

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