Question
The current level of the S&P 500 is 1,100. The dividend yield on the S&P 500 is 5%. The risk-free interest rate is 9%. The
The current level of the S&P 500 is 1,100. The dividend yield on the S&P 500 is 5%. The risk-free interest rate is 9%. The futures price quote for a contract on the S&P 500 due to expire 3 months from now should be __________.
Multiple Choice
1,116.56
1,128.98
1,110.84
1,133.52
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Public Finance
Authors: Harvey S Rosen, Ted Gayer
9th International Edition
0071267883, 9780071267885
