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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 Stock Index is currently $ If the oneyear Tbill rate is and the expected dividend yield on the S&P is
a What should the oneyear maturity futures price beDo not round intermediate calculations
b What would the oneyear maturity futures price be if the Tbill rate is less than the dividend yield, for example,
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