A stock index futures contract maturing in one year has a currently traded price of $1,000. The
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A stock index futures contract maturing in one year has a currently traded price of $1,000. The cash index has dividend yield of 2 percent and the interest rate is 5 percent. Spot-futures parity then implies a cash index level of
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a. b. $933,33 $971.43 c. $1,071 d. $1,029
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