Question
Suppose the value of the S&P 500 stock index is currently 1,400. If the 1-year T-bill rate is 6% and the expected dividend yield on
Suppose the value of the S&P 500 stock index is currently 1,400.
If the 1-year T-bill rate is 6% and the expected dividend yield on the S&P 500 is 4%, what should the 1-year maturity futures price be?
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Principles Of Corporate Finance
Authors: Lawrence J. Gitman, Sean M. Hennessey
2nd Canadian Edition
0321452933, 978-0321452931
