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

question 54

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.If the futures contract was currently available for 1250,calculate the arbitrage profit.

• A) $0
• B) $133.41
• C) -$133.41
• D) $147.25
• E) -$147.25

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Definitions:

Phonemes

The basic units of sound in language.

Morphemes

The smallest units of meaning within a language.

Semantics

The rules for determining the meaning of words and sentences.

X Chromosome

One of the two sex chromosomes, with the other being the Y chromosome, that plays a crucial role in determining genetic traits, including the sex of an individual.