Suppose the value of the s& p 500 stock index is currently $1,500. if the one-year t-bill rate is 3.2% and the expected dividend yield on the s& p 500 is 2.4%.

a. what should the one-year maturity futures price be? (do not round intermediate calculations.) futures price $

b. what would the one-year maturity futures price be, if the t-bill rate is less than the dividend yield, for example, 1.4%? (do not round intermediate calculations.) futures price $

The following transactions occurred during july: received $1,000 cash for services provided to a customer during july. received $4,000 cash investment from bob johnson, the owner of the business received $850 from a customer in partial payment of his account receivable which arose from sales in june. provided services to a customer on credit, $475. borrowed $7,000 from the bank by signing a promissory note. received $1,350 cash from a customer for services to be rendered next year. what was the amount of revenue for july?