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You just bought 1 futures contract on a stock market index. The multiplier for the futures contract is $250. The maturity of the contract is
You just bought 1 futures contract on a stock market index. The multiplier for the futures contract is $250. The maturity of the contract is 1 year, the current level of the index is 1,000 and the risk-free rate is 6% per year. The dividend yield on the index 2.4% per year. Interest and dividend are compounded continuously. Assume that the spot-parity condition always holds exactly
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