Question
Required: The current level of the S&P 500 is 3,500. The dividend yield on the S&P 500 is 2%. The risk-free interest rate is 1%.
Required:
The current level of the S&P 500 is 3,500. The dividend yield on the S&P 500 is 2%. The risk-free interest rate is 1%. What should be the price of a one-year maturity futures contract? (Do not round intermediate calculations.)
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International Financial Reporting Standards An Introduction
Authors: Belverd Needles, Marian Powers
2nd edition
053847680X, 978-1111793234, 1111793239, 978-0538476805
