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The one-year futures price on a particular stock-index portfolio is 1,184.74, the stock index currently is 1,175 , the one-year risk-free interest rate is 1.94%,

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The one-year futures price on a particular stock-index portfolio is 1,184.74, the stock index currently is 1,175 , the one-year risk-free interest rate is 1.94%, and the year-end dividend that will be paid on a $1,175 investment in the index portfolio is $17.98. By how much is the contract mispriced? future price - parity price $

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