Problem $14-19$ Spot$-$Futures Parity $($LO$3,$ CFA$3)$

Suppose the $6-$month Mini S&P $500$ futures price is $1,401\mathrm{.}59,$ while the cash price is $1,386\mathrm{.}81.$ What is the implied dividend

yield on the S&P $500$ if the risk$-$free interest rate is $3\mathrm{.}1$ percent? $($Do not round intermediate calculations. Enter your

answer as a percent rounded to $2$ decimal places.$)$

Implied dividend yield