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Suppose the value of the S&P 500 Stock Index is currently $1, 300. If the one-year T-bill rate is 5.0% and the expected dividend yield

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Suppose the value of the S&P 500 Stock Index is currently $1, 300. If the one-year T-bill rate is 5.0% and the expected dividend yield on the S&P 500 is 4.0%. What should the one-year maturity futures price be? (Do not round intermediate calculations.) What would the one-year maturity futures price be. if the T-bill rate is less than the dividend yield, for example. 3 0%? (Do not round intermediate calculations.)

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