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A S&P index fund pays an annual dividend yield of d = 2%. Its current share price is So = $2,000. The T-bill rate is
A S&P index fund pays an annual dividend yield of d = 2%. Its current share price is So = $2,000. The T-bill rate is rf = 3%. Suppose the S&P futures price for delivery in 1 year is Fo = $2,05...
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