Question
Consider a futures contract on a stock index. Suppose that the current index level is 1,200, the nine-month index futures level is 1,300, and the
Consider a futures contract on a stock index. Suppose that the current index level is 1,200, the nine-month index futures level is 1,300, and the dividend yield on the index is 2.3%. The implied repo rate is:
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Public Finance In Theory And Practice
Authors: Richard Abel Musgrave, Peggy B. Muscrave
5th Edition
0070441278, 978-0070441279
