The current bid and ask price quotes for a non-dividend-paying common stock are observed as...
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The current bid and ask price quotes for a non-dividend-paying common stock are observed as $9.75 and $10.00, respectively and the continuously compounded risk-free rate is 4.0% per year for lending and 4.5% per year for borrowing over a nine-month horizon. Based on these inputs, determine the range of nine-month futures prices over which the no-arbitrage condition in the stock market would not be violated
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