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Suppose the S&P 500 is at 857, and a one-year European call option with a strike price of $584 has a negative time value. If
Suppose the S&P 500 is at 857, and a one-year European call option with a strike price of $584 has a negative time value. If the interest rate is 5%, what can you conclude about the dividend yield of the S&P 500? (Assume all dividends are paid at the end of the year.)
The dividend yield must be at least?? %. (Round to two decimal places)
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