Exhibit 21.5 Use the Information Below for the Following Problem(S)

question 48

Multiple Choice

Exhibit 21.5
Use the Information Below for the Following Problem(S)
The S&P 500 stock index is at 1100. The annualized interest rate is 3.5% and the annualized dividend is 2%.
-Refer to Exhibit 21.5.Calculate the price of the futures contract now.

• A) 1108.59
• B) 1102.75
• C) 1139.79
• D) 1123.19
• E) None of the above

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Definitions:

Real Communities

Groups of people who share common interests, values, or characteristics, often inhabiting a specific locality and interacting within a real or physical environment.

Community Spirit

A sense of unity, belonging, and mutual support shared among members of a community.

Ecotourism

Foreign travel with the goal of minimizing the environmental consequences of tourism as well as its possible negative effects on local cultures and economies, typically involving people from highly industrialized nations traveling to less developed countries.

Green Consumption

The practice of purchasing products and services that are environmentally friendly and have minimal impact on the earth's resources.