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thumbs up of correct Use the table below for E-mini S&P 500 futures. Spot price as of 2/28/18 is 2714.50, each E-mini S&P500 contract is

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Use the table below for E-mini S&P 500 futures. Spot price as of 2/28/18 is 2714.50, each E-mini S&P500 contract is for $50 x index. Month Futures Price Mar-2018 2718.75 Jun-2018 2724.50 Sep-2018 2728.50 Dec-2018 2734.25 Mar-2018 2756.00 You have a $5 million equity portfolio and decide to hedge it using forwards with an expiration date at the end of December. There are 306 days to expiration, the appropriate risk-free rate is 1.7%, and the expected dividend yield of the S&P500 is 1.7%, both rates are stated on a continuous compounded basis. What is the arbitrage-free price of the forward? Pick the closest answer. 2715 2725 2755 02793

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