confused with dividend yld and rf market, equity, create, amount

pimpineasy

i know whenever we create synthetic futures.

the amount of futures to buy will be V (1 + r)^T

how does dividend yld fall into all of this? if i am going to long or short using futures on an equity market and the dividend yld is 2%, what does that affecT?

Windjam

Dividend yield is used only if you want to know how many stock at start you have effectively purchased.

N(stock) = (N(future)*multiplier)/)(1+dividend yield)^n

wake2000

typo
N(stock) = (N(future)*multiplier)/(1+dividend yield)^n