A stock is currently selling for $59.76. A futures contract on the stock expires in three months. If the risk-free rate of interest is 4.5 percent, what is the futures price?
A) $60.84
B) $60.27
C) $60.59
D) $60.42
E) $60.71

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The Answer of A stock is currently selling for $59.76. A futures contract on the stock expires in three months. If the risk-free rate of interest is 4.5 percent, what is the futures price?
A) $60.84
B) $60.27
C) $60.59
D) $60.42
E) $60.71

A Stock Is Currently Selling for $59