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Suppose the value of the S&P 500 Stock index is currently $2,950. 0. If the one.year T-bill rate is 5.3% and the expected dividend yield

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Suppose the value of the S\&P 500 Stock index is currently $2,950. 0. If the one.year T-bill rate is 5.3% and the expected dividend yield on the S\&P 500 is 4.6%, what should the onieyear maturity futures price be? (Do not round intermediate calculations. Round your onswer to 2 decimal places.) b. What would the one-year maturity futures price be, if the Thbill rate is less than the dividend yield, for example, 3.6% ? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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