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The S&P 500 index is at 1,371.00, the continu- ously compounded risk-free rate is 5.12 percent, time to expiration is 55 days, and futures price
The S&P 500 index is at 1,371.00, the continu-
ously compounded risk-free rate is 5.12 percent,
time to expiration is 55 days, and futures price is
1,376.42. Assuming the futures price is equal to
its theoretical fair price and the underlying has a
continuously compounded dividend yield, solve
for the implied dividend yield.
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