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8. Suppose the value of the S&P 500 Stock Index is currently $3,000. (LO 17-3) a. If the one-year T-bill rate is 3% and the

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8. Suppose the value of the S\&P 500 Stock Index is currently $3,000. (LO 17-3) a. If the one-year T-bill rate is 3% and the expected dividend yield on the S&P500 is 2%, what should the one-year maturity futures price be? b. What if the T-bill rate is less than the dividend yicld, for example, I\%

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