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Question
The spot rate on a non-dividend-paying stock is $15.70. The risk-free rate is 3.15 percent and the market rate is 10.75 percent. What is the three-month futures rate if spot-futures parity exists?A. $15.48
B. $15.82
C. $16.01
D. $16.13
E. $16.24
Answer
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Related questions
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Which one of the following statements regarding an original issue $25,000 GNMA bond is correct?
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