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Suppose S&P 500 index is 2940 today. You purchase a S&P 500 index fund and a futures on S&P 500 that allows you to sell

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Suppose S&P 500 index is 2940 today. You purchase a S&P 500 index fund and a futures on S&P 500 that allows you to sell S&P 500 at a futures price. For simplicity, assume that the index fund does not pay dividends. If the one-year Treasury rate is 2%, what should be the equilibrium futures price? (3 points)

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