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Question
The 4-month futures price on a non-dividend-paying stock is $23.60. The risk-free rate is 2.25 percent and the market rate is 10.45 percent. What is the spot rate for this stock if spot-futures parity exists?A. $23.39
B. $23.43
C. $23.51
D. $23.64
E. $23.78
Answer
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Related questions
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