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Problems 1. The following data pertain to an S&P 500 mini futures contract as of the end of trading on Friday, May 7, 2021 Spot

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Problems 1. The following data pertain to an S&P 500 mini futures contract as of the end of trading on Friday, May 7, 2021 Spot value=4,232,60 Risk free rate=0.05% (annual) Maturity: June 18, 2021 Dividend yield of the underlying index=1.38% Find the futures value of the above contract as of today (5/10/21). B. Suppose you sell a mini S&P 500 futures contract on 5/10/22 and the futures value rises by 11 points by the end of the day. Will you gain or lose? How much

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