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Question 38 ( 2.5 points) Suppose the S\&P 500 index is at 1315.34. The dividend yield on the index is 2.89%. The fair value of S\&P futures will be lower than the S\&P spot index when A) T-bills yield are higher than S\&P500 dividend yield B) T-bills yield are lower than S\&P500 dividend yield C) This will not happen since S\&P futures price is always higher than S\&P500 spot index D) This will not happen since S\&P futures price is always lower than S\&P500 spot index