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Consider a futures contract on a stock index. Suppose that the current index level is 2,385, the nine-month index futures level is 2,428, the dividend

Consider a futures contract on a stock index. Suppose that the current index level is 2,385, the nine-month index futures level is 2,428, the dividend yield on the index is 1.8%. The implied repo rate is:

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0.582%

2.382%

4.182%

8.037%

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