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Suppose the value of the S&P 500 Stock Index is currently $1,450. If the one-year T-bill rate is 5.1% and the expected dividend yield on

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Suppose the value of the S&P 500 Stock Index is currently $1,450. If the one-year T-bill rate is 5.1% and the expected dividend yield on the S&P 500 is 4.2% a. What should the one-year maturity futures price be? (Do not round intermediate calculations.) Futures price b. What would the one-year maturity futures price be if the T-bill rate is less than the dividend yield, for example, 3.2%? Do not round intermediate calculations. Futures price

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