Suppose the 180-day S&P 500 futures price is 1,166.1, while the cash price is 1,151.32. What is the implied dividend yield on the S&P 500 if the risk-free interest rate is 3.2 percent? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

Have asked this before, please dont answer:

Thus, Futures Price = Spot Price*(1+ Risk Free Interest Rate - dividend Yield)

1166.1 = 1151.32*(1+0.032-Dividend Yield)

Thus, Dividend Yield = 0.0192

Annual Dividend Yield = 2*0.0192 = 3.8% ---incorrect