Question
A stock index is at 1,575.21. A futures contract on the index expires in 73 days. The risk-free interest rate is 6.15%. The value of
A stock index is at 1,575.21. A futures contract on the index expires in 73 days. The risk-free interest rate is 6.15%. The value of the dividends reinvested over the life of the futures is 6.35. The appropriate futures price is $:
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J Hughes
9th Edition
0073382329, 9780073382326
