Assume that the spot price of an asset is $40 and the annual risk-free rate is 2%. Assume that the asset is not a dividend-paying stock and it does not incur any storage costs. What is the asset’s...

Assume that the spot price of an asset is $40 and the annual risk-free rate is 2%. Assume that the asset is not a dividend-paying stock and it does not incur any storage costs. What is the asset’s forward price for delivery one year from now, F1 0 ? What would be the price 6 months from now? Finally, if the asset paid a dividend yield of 1%, what would be its futures price a year from now? The cost of carry in the first two cases is 3%.