In March 2009, nine-month futures on the Brazilian Ibovespa stock index traded at 44,439. Spot was 41,908.

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In March 2009, nine-month futures on the Brazilian Ibovespa stock index traded at 44,439.

Spot was 41,908. The interest rate was 11.25% and the dividend yield was about 3%. Were the futures fairly priced?

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Principles Of Corporate Finance

ISBN: 9780077398040

10th Edition

Authors: Richard Brealey

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Question Posted: Jul 31, 2024 05:00 AM

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In March 2009, nine-month futures on the Brazilian Ibovespa stock index traded at 44,439. Spot was 41,908.

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Principles Of Corporate Finance

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