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Futures Pricing (Spot-Futures Parity Theorem) The current level of the S&P 500 is 1,500. The dividend yield on the S&P 500 is 1.8%. The risk-free

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Futures Pricing (Spot-Futures Parity Theorem) The current level of the S&P 500 is 1,500. The dividend yield on the S&P 500 is 1.8%. The risk-free interest rate is 1.0%. What should a futures contract with a one-year maturity be selling for? (Do not round intermediate calculations.) Futures price

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