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The one-year futures price on a particular stock-index portfolio is 1,610, the stock index currently is 1,600, the one-year risk-free interest rate is 2.0%, and
The one-year futures price on a particular stock-index portfolio is 1,610, the stock index currently is 1,600, the one-year risk-free interest rate is 2.0%, and the year-end dividend that will be paid on a $1,600 investment in the index portfolio is $15.
By how much is the contract mispriced? (Input the amount as positive value.)
The futures price is $ (Click to select)abovebelow its "proper" or parity value.
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