Question: Suppose the 6 - month Mini S&P 5 0 0 futures price is 1 , 4 0 6 . 2 7 , while the cash

Suppose the 6-month Mini S&P 500 futures price is 1,406.27, while the cash price is 1,392.91. What is the implied dividend yield on the S&P 500 if the risk-free interest rate is 5.4 percent?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.

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