The annualized dividend yield on the S&P 500 Index is 1.40%.The continuously compounded interest rate is 6.4%.If the 9-month forward price is $925.28 and the index is priced at $950.46,what is the profit/loss from a cash-and-carry strategy?
A) $25.18 loss
B) $25.18 gain
C) $61.50 loss
D) $61.50 gain

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The Answer of The annualized dividend yield on the S&P 500 Index is 1.40%.The continuously compounded interest rate is 6.4%.If the 9-month forward price is $925.28 and the index is priced at $950.46,what is the profit/loss from a cash-and-carry strategy?
A) $25.18 loss
B) $25.18 gain
C) $61.50 loss
D) $61.50 gain

The Annualized Dividend Yield on the S&P 500 Index Is