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The one-year futures price on a particular stock-index portfolio is 2,240, the stock index currently is 2.200, the one-year risk-free interest rate is 3%, and

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The one-year futures price on a particular stock-index portfolio is 2,240, the stock index currently is 2.200, the one-year risk-free interest rate is 3%, and the year-end dividend that will be paid on a $2,200 investment in the index portfolio is $22. By how much is the contract mispriced? (Input the amount as positive value.) The futures price is its "proper" or parity value. below above

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