The 6-month futures price on a non-dividend-paying stock is $36.20.The risk-free rate is 2.75 percent and the market rate is 9.60 percent.What is the spot rate for this stock if spot-futures parity exists?
A) $35.43
B) $35.71
C) $36.30
D) $36.70
E) $36.99
Correct Answer:
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