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The current level of the S&P 500 index is 2,250. The dividend yield on the S&P...

  1. The current level of the S&P 500 index is 2,250. The dividend yield on the S&P 500 is 3%. The risk-free interest rate is 6% with continuous compounding. The futures price quote for a contract on the S&P 500 due to expire 6 months from now should be __________.

A) 2,774.30                       B) 2,784.53                  C) 2,768.63                  D) 2,797.47

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