Consider a futures contract on a non-dividend paying stock with a current spot price of $100. The risk-free rate is 5% per annum, and the time to maturity of the futures contract is 1 year. Using the cost-of-carry model, what is the theoretical price of the futures contract? Assume continuous compounding for the risk-free rate.
Recall that the theoretical futures price can be calculated using the formula: F = S * e^(rT), where:
Given these factors, calculate the price of the futures contract.