Question: Exhibit 15.9 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM The S&P 500 stock index is at 1,100. The annualized interest rate is 3.5 percent,

Exhibit 15.9 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM The

Exhibit 15.9 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM The S&P 500 stock index is at 1,100. 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. 1,350.15 b. 1,108.59 c. 1,139.79 d. 1,123.19 e. 1,102.75 Exhibit 15.9 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM The S&P 500 stock index is at 1,100. 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. 1,350.15 b. 1,108.59 c. 1,139.79 d. 1,123.19 e. 1,102.75

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