OneChicago has just introduced a single-stock futures contract on Brandex stock, a company that currently pays no dividends. Each contract calls for delivery of 2,500 shares of stock in 1 year. The T-bill rate is 9% per year. a. If Brandex stock now sells at $110 per share, what should the futures price be? (Round your answer to 2 decimal places.)
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “OneChicago has just introduced a single-stock futures contract on Brandex stock, a company that currently pays no dividends. Each contract ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
PA13. LO 5.5Selected information from Skylar Studios shows the following: Prepare journal entries to record the following: raw material purchased direct labor incurred depreciation expense (hint: this is part of manufacturing overhead) raw materials
Answers (1)
The health care market is characterized by:a. extensive negative externalities, b. significant positive externalities. c. perfect knowledge by both buyers and sellers. d. a perfect inelastic demand.
Answers (1)
What is the value today of a money machine that will pay $2,655.00 every six months for 27.00 years? Assume the first payment is made six months from today and the interest rate is 13.00%
Answers (1)
A stock is priced at $85 per share and pays a quarterly dividend of $2.10 per share. What is the dividend yield per stock share per year? a) 2.8% b) 3.5% c) 9.9% d) 11.3%
Answers (1)
One release of information (ROI) specialist handles requests from insurance and managed care companies. Another handles request from attorneys and courts. Each completes all steps in the business process from beginning to end.
Answers (1)
New Questions in Business
Diaz Company owns a machine that cost $250,000 and has accumulated depreciation of $182,000. Prepare the entry to record the disposal of the machine on January 1 in each seperate situation.
Answers (1)
Which of the following is considered to be an intangible or less visible cost that companies may incur when ethical wrongdoing is discovered and punished? A. A) Costs of providing remedial education and ethics training to company personnel B.
Answers (2)
What matters to people is the face value of money or income. a. True b. False?
Answers (1)
Conversion to an e-commerce or m-commerce system enables organizations to increase the accuracy of order processing and order fulfillment. a. True b. False
Answers (1)
What is the financial impact on a company when a customer returns a product for a refund? A. Sales revenue will decrease because sales revenue will be debited. B. Sales revenue will increase because sales revenue will be credited. C.
Answers (1)