Question

The current level of the S&P 500 is 1,250. The dividend yield on the S&P 500 is 3%. The risk-free interest rate is 6%. The futures price quote for a contract on the S&P 500 due to expire 6 months from now should be __________.
A. 1,274.33
B. 1,286.95
C. 1,268.61
D. 1,291.29

Answer

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