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A stock index currently stands at 500. The risk-free interest rate is 5% per annum (with continuous compounding) and the dividend yield on the index

A stock index currently stands at 500. The risk-free interest rate is 5% per annum (with continuous compounding) and the dividend yield on the index is 2% per annum. What should the futures price for a six-month contract be? Show your work.

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