A non-dividend-paying stock is currently priced at $33.15. The risk-free rate is 4.4 percent and a futures contract on the stock matures in three months. What price should the futures be

The price of the futures should be $33.52.

Explanation:

The future price can be calculated using the formula for calculating the future value (FV) as follows:

FV = PV * (1 + r)^n (1)

Where;

FV = future value or future price = ?

PV = Present value or current price = $33.15

r = monthly risk-free rate = 4.4% / 12 = 0.044 / 12 = 0.00366666666666667

n = number of months = 3

Substituting the values into equation (1), we have:

FV = $33.15 * (1 + 0.00366666666666667)^3

FV = $33.15 * 1.01104038262963

FV = $33.5159886841722

Approximating to 2 decimal places, we have:

FV = $33.52

Therefore, the price of the futures should be $33.52.

muslims control the north africa during the period of 1500 up

to 1800. they made a barrier to prevent further european exploration from

entering the africa from the north. however, the dutch ware still able to move

toward the interior with having south africa as one of the routes leading to

the east for trading with asia.