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The SP500 stock index is currently 1000.00. The risk-free interest rate is 1% per year and the dividend yield on this index is 3% per

The SP500 stock index is currently 1000.00. The risk-free interest rate is 1% per year and the dividend yield on this index is 3% per year. Approximately what should be the equilibrium futures price on a contract which matures in 6 months? (You can use either continuous or discrete compounding)

a. 1030

b. 990

c. 1000

d. 980

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