Assume that the GSE All Share Index is at 8,800 as at 20th January 2010.The risk-free rate on 91- day T-bill is 12.5%. Dividend yield expected to be made from investing in the index over a 91- day period is 4.5%. You are required to:

(i) Determine the theoretical futures price for the GSE All Share Index

(ii) Your friend has approached you for advice saying that an investment bank is selling April futures contract on the GSE All Share Index at 9050. Advice whether this is a good offer

Please help me deadline is at 10pm today. Thanks