The current level of Standard and Poor's index is 950. The prospective dividend yield is
3%, and the interest rate is 5%. What is the value of a one-year futures contract on the index? (Assume all dividend payments occur at the end of the year.)
A) 969
B) 997.5
C) 978.5
D) None of the above

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The Answer of The current level of Standard and Poor's index is 950. The prospective dividend yield is
3%, and the interest rate is 5%. What is the value of a one-year futures contract on the index? (Assume all dividend payments occur at the end of the year.)
A) 969
B) 997.5
C) 978.5
D) None of the above

The Current Level of Standard and Poor's Index Is 950