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CALCULATION OF THE HYPOTHETICAL INDEX FUTURES PRICE


The real futures price is different from hypothetical futures price because of the commission fees ,transaction costs, bid-ask spread etc. The formula used for the calculation of the index futures price:


F = S ( 1 + (r-d) . t / 365)

F = Hypothetical index futures price
S = Spot index (price)
r = Riskless interest rate (%)
d = Dividend yield (%)
t = Days until the expiry date.

CAUTION: : The results calculated are intended for illustrative and hypothetical purposes only and are not intended to predict or guarantee the actual results of any particular investment. The accuracy of the results is not guaranteed and the giving of this information is not deemed an offer or solicitation on our part with respect to the sale or purchase of securities. Can Aydınoğlu ve freeservers.com make no guarantee on the performance or accuracy of the calculations.

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HYPOTHETICAL EXAMPLE
Spot index (price):
Riskless interest rate %:
Dividend yield %:
Days until the expiry date:
Hypothetical index futures price :
Real futures price is different because of the market conditions.