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Problem 3 Intro The current value of the S&P 500 stock index is 2.741 and its expected dividend yield is 1%. The risk-free rate is

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Problem 3 Intro The current value of the S&P 500 stock index is 2.741 and its expected dividend yield is 1%. The risk-free rate is 3.1% for all maturities (both continuously compounded). A futures contract on the index expires in 0.9 years. Attempt 1/8 for 10 pts. Part 1 What should be the futures price? 0+ decimals Submit Part 2 - Attempt 1/8 for 10 pts. 60 days later, the index level has changed to $2,834. What is the value of the futures contract to the party in the long position? 0+ decimals Submit

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