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Suppose the 8&P 50E! is at 945, and a oneyear European call option with a strike price of $459 has a negative time value. lfthe

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Suppose the 8&P 50E! is at 945, and a oneyear European call option with a strike price of $459 has a negative time value. lfthe interest rate is 5%, what can you conclude about the dividend yield of the SELP 500? (Assume all dividends are paid at The end of the year.) The dividend yield must be at least D%. (Round to two decimal places.)

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