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Max has a three - month futures contract on the FBM KLCI. His findings showed that thestocks underlying the index give a dividend yield of

Max has a three-month futures contract on the FBM KLCI. His findings showed that thestocks underlying the index give a dividend yield of 4% per annum, the present level of index is $3,284.42 and interest rate is 6% per annum. Calculate his futures contract price.

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