When preinvesting (ie buying equity futures when you are expecting a cash payment), do you just use the formula for creating synthetic equity: T-bills held (1 +rfr)^t/Pf(multiplier)

no. you use cash right away. Why would 1+rf it if you dont have it to put it into T-bills??

BT-0/Bf * VP / Pfmulti

Yeah, dont multiply by Rf rate.


Brain farts. Too much studying formulas and you forget about common sense.