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3. If the S&P500 index is currently at 1,000, its annual dividend yield is 2.5%, and the relevant annualized risk-free rate is 1.5%, what is

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3. If the S&P500 index is currently at 1,000, its annual dividend yield is 2.5%, and the relevant annualized risk-free rate is 1.5%, what is the no-arbitrage price on a 2-year forward contract on the index? a. 1020.1 b. 1010.0 C. 990.0 d. 980.1

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