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O stot The S&P 500 index has a dividend yield of 6.0 percent. Suppose you enter into a 6.0 month forward contract to buy S&P

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O stot The S&P 500 index has a dividend yield of 6.0 percent. Suppose you enter into a 6.0 month forward contract to buy S&P 500 index. The current value of the index equals $11510 and the risk-free interest rate is 8.25 percent continuously compounded. What is the forward price? 12360

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