Question
n December 2014, 6-month futures on the Australian S&P/ASX 200 Index traded at 5,623. Spot was 5,518. The annual interest rate was 3.46% and the
n December 2014, 6-month futures on the Australian S&P/ASX 200 Index traded at 5,623. Spot was 5,518. The annual interest rate was 3.46% and the annual dividend yield was about 3.6%.
a. Based on the current spot price, what should be the futures price? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
Calculated futures price $
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Foundations Of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
17th Edition
126001391X, 978-1260013917
