The spot price for a non-dividend-paying stock is $24.The risk-free rate is 2.8 percent and the market rate is 10.6 percent.What is the 6-month futures price of this stock if spot-futures parity exists?
A) $24.33
B) $24.41
C) $24.54
D) $24.59
E) $24.70
Correct Answer:
Verified
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