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USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

Question 108

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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 percent, and the annualized dividend is 2 percent.
-Refer to Exhibit 15.9. Calculate the price of the futures contract now.


A) 1108.59
B) 1102.75
C) 1139.79
D) 1123.19
E) 1350.15

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