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  3. a. a single-stock futures contract on a non-divide

a. A single-stock futures contract on a non-dividend-paying stock with current price $280 has a...

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Accounting

a. A single-stock futures contract on a non-dividend-paying stock with current price $280 has a maturity of 1 year. If the T-bill rate is 4%, what should the futures price be? (Round your answer to 2 decimal places.)

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b. What should the futures price be if the maturity of the contract is 7 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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c. What should the futures price be if the interest rate is 7% and the maturity of the contract is 7 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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Futures price Futures price Futures price

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