Suppose S&P 200 Is at 6020

question 33

Multiple Choice

Suppose S&P 200 is at 6020.Assume the continuous dividend yield is 4.5% p.a.and the risk-free rate of returns is 3% p.a.If a SPI futures contract has 62 days left to expiry,what should its price be?

• A) 3019
• B) 3048
• C) 5795
• D) 6005

---

Definitions:

Stockholders' Equity

The portion of a company's capital that is owned by its shareholders, calculated as the company's total assets minus its total liabilities.

Cumulative

Describes something that increases or accumulates over time, often used in the context of investments or financial statements.

Legal Capital

The portion of a company's equity that cannot legally be distributed to shareholders as dividends, often linked to the par value of common and preferred stock.

Par Value

A nominal dollar amount assigned to corporate shares, representing the minimum price per share that shares can be issued at.