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Problem 1 4 - 1 9 Spot - Futures Parity ( LO 3 , CFA 3 ) Suppose the 6 - month Mini S&P 5

Problem 14-19 Spot-Futures Parity (LO3, CFA3)
Suppose the 6-month Mini S&P 500 futures price is 1,401.59, while the cash price is 1,386.81. What is the implied dividend
yield on the S&P 500 if the risk-free interest rate is 3.1 percent? (Do not round intermediate calculations. Enter your
answer as a percent rounded to 2 decimal places.)
Implied dividend yield
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