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Sven S points An S&P 500 6-month futures contract sells for $105. The 6-month interest rate is 5%, and the present value of dividends from

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Sven S points An S&P 500 6-month futures contract sells for $105. The 6-month interest rate is 5%, and the present value of dividends from the stocks in the S&P 500 over the next 6 months is $8. If there are no transaction costs and the law of one price holds, what is the current value of the underlying share of the S&P 500? A. $92 B. $100 C $105 D. $108 E None of the above

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