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The S&P 500 index is at 2000. The prices of 1-month and 3-month futures are 1995 and 1990, respectively. Suppose the risk-free rate is constant

The S&P 500 index is at 2000. The prices of 1-month and 3-month futures are 1995 and 1990, respectively. Suppose the risk-free rate is constant at 1% per annum continuously compounded. Do you expect dividend yield to increase or decrease? Show your calculation.

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