1. A stock index currently stands at 4,000. The continuous compounding risk-free interest rate is 10% per annum and the dividend yield on the index is 4% per annum. What should the futures price for a six-month contract be?

2. Suppose that you enter into a two-year forward contract on an asset with the spot price of $1,000. The annual compounding risk-free interest rate is 6% per annum and the storage cost is 4% per annum. What should be the equilibrium forward price?