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Exhibit 21.5 Use the Information Below for the Following Problem(S)

Question 48

Multiple Choice

Exhibit 21.5
Use the Information Below for the Following Problem(S)
The S&P 500 stock index is at 1100. The annualized interest rate is 3.5% and the annualized dividend is 2%.
-Refer to Exhibit 21.5.Calculate the price of the futures contract now.


A) 1108.59
B) 1102.75
C) 1139.79
D) 1123.19
E) None of the above

Correct Answer:

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