Determine the equilibrium price of a December S&P 500 futures contract. Assume the current spot S&P 500

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Determine the equilibrium price of a December S\&P 500 futures contract. Assume the current spot S\&P 500 index is at 2,000 , the annual risk-free rate is \(2.00 \%\), dividends worth \(\$20.00\) at the December expiration, and 90 days to expiration \((T=0.25)\). Comment on whether the market is normal or inverted.

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