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The spot DOW index is quoted at 3 2 5 1 4 . 3 and the E mini - DOW has a multiple of $
The spot DOW index is quoted at and the E miniDOW has a multiple of $ If the riskfree rate is then what is a fair future index level on a future contract that expires in months? If DOW index is quoted at one month later, then what is the value of the E miniDOW contract?
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