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The S&P500 market index of US stocks is currently 3600 points. The dividend yield on the S&P500 index is 4% per annum and the riskfree
The S&P500 market index of US stocks is currently 3600 points. The dividend yield on the S&P500 index is 4% per annum and the riskfree rate of interest in the United States is 1% per annum. What is the fair price (F) for a futures contract based on the S&P500 which expires in 3 months' time? Round your answer to the nearest whole number
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