In may of 201x six-month futures on the imaginary country


In May of 201X, six-month futures on the Imaginary Country stock index traded at 15,330. Spot was 13,743. The interest rate was 15 percent and the dividend yield was 7 percent. Were the futures priced fairly? (pls show step by step solution)

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Financial Management: In may of 201x six-month futures on the imaginary country
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