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
Correct Answer:
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