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The current level of the S&P 500 is 1,350. 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 1,350. 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

  • 1,369.02

  • 1,381.44

  • 1,363.30

  • 1,385.98

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