Answer: $260
Explanation:
From the question, we are informed that a single-stock futures contract on a non-dividend-paying stock with current price $250 has a maturity of 1 year and that the T-bill rate is 4%.
The futures price would be:
= Current price (1 + 4%)^1
= $250 (1 + 0.04)
= $250 × 1.04
= $260
