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Problem 14-6 Spot-Futures Parity (LO3, CFA1) A non-dividend-paying stock is currently priced at $49.19. The...

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Problem 14-6 Spot-Futures Parity (LO3, CFA1) A non-dividend-paying stock is currently priced at $49.19. The risk-free rate is 2.5 percent and a futures contract on the stock matures in two months. What price should the futures be? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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