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The one-year futures price on a particular stock-index portfolio is 2,503.01, the stock index currently is 2,458, the one-year risk-free interest rate is 3.46%, and

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The one-year futures price on a particular stock-index portfolio is 2,503.01, the stock index currently is 2,458, the one-year risk-free interest rate is 3.46%, and the year-end dividend that will be paid on a $2,458 investment in the index portfolio is $36.62. By how much is the contract mispriced? future price - parity price

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