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Suppose the value of the S&P 5 0 0 Stock Index is currently $ 2 , 2 1 6 . If the one - year

Suppose the value of the S&P 500 Stock Index is currently $2,216. If the one-year T-bill rate is 4.7% and the expected dividend yield on the S&P 500 is 2.9%.
a. What should the one-year maturity futures price be?(Do not round intermediate calculations)
b. What would the one-year maturity futures price be, if the T-bill rate is less than the dividend yield, for example, 2.1%

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