Question
The current level of the S&P 500 is 1,600. The dividend yield on the S&P 500 is 3.8%. The risk-free interest rate is 1.3%. What
The current level of the S&P 500 is 1,600. The dividend yield on the S&P 500 is 3.8%. The risk-free interest rate is 1.3%. What should a futures contract with a one-year maturity be selling for? (Do not round intermediate calculations.)
Futures price $
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Corporate Financial Management
Authors: Glen Arnold, James Pickford
2nd Edition
0582821762, 978-0582821767
