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Suppose the value of the S&P/TSX 60 stock index is currently 955. 1-a. If the 1-year T-bill rate is 3% and the expected dividend yield

Suppose the value of the S&P/TSX 60 stock index is currently 955. 1-a. If the 1-year T-bill rate is 3% and the expected dividend yield on the S&P/TSX 60 index is 3%, what should the 1-year maturity futures price be? (Omit the "$" sign in your response.) Futures price ? $ 1-b. What should the 1-year maturity futures price be if the T-bill rate is less than the dividend yield, for example, 1%? (Round your answer to 2 decimal places. Omit the "$" sign in your response.) The T-bill rate is less than the dividend yield, then the futures price will be less than the spot price The futures price will be ? $

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