The Spot Rate on a Non-Dividend-Paying Stock Is $15

question 2

Multiple Choice

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

---

Definitions:

Certified Collection Agency

A debt collection agency that has received certification, indicating it adheres to ethical standards and legal regulations in debt collection.

Office Policy

Guidelines and rules established within an office or organization to dictate workflows and behavioral expectations.

Locate a Skip

"Locate a Skip" refers to the process of finding a person who has disappeared, often to avoid legal, financial, or personal responsibilities, commonly used in the bail bond industry.

Referring Individuals

People who direct or recommend others to a specific service, professional, or resource, often used in medical and professional contexts.