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Assume that one share of the S&P 500 Index can be purchased for 4,100 and that the dividend yield is 2.75% over the holding period

Assume that one share of the S&P 500 Index can be purchased for 4,100 and that the dividend yield is 2.75% over the holding period and the risk-free rate is 3.20% over the holding period. What should the contract price on a one-year S&P 500 futures be?

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