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n December 2014, 9-month futures on the Australian S&P/ASX 200 Index traded at 5,454. Spot was 5,466. The annual interest rate was 2.79% and the

n December 2014, 9-month futures on the Australian S&P/ASX 200 Index traded at 5,454. Spot was 5,466. The annual interest rate was 2.79% and the annual dividend yield was about 4.1%.

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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