A 409A and the price someone is willing to pay for a private company are not the same. A 409A for an early-stage business is usually performed immediately after a financing round. This type of valuation is just a snapshot at that moment, which heavily discounts that an early-stage company can remain a going concern. An investor looking to participate in a ...
You must convert all cash and dividend streams into the index points . The current value of the index between stocks seems ok but the dividends need to be converted to index points.
Basically divide the dividends you’ve calculated by the index divisor.
Then the calculation seems ok
Futures Price = Spot Index Value + Finance Charges - Dividends
You need to convert everything into index points. Check this out: