A stock is trading at $127.86 and has a dividend yield of 2%pa with costs of holding the position of 0.20%pa. If the RBA official cash rate is 0.25%pa and the stock futures contract expires in 88 days, at what level should the futures contract on this stock be trading?

a. $162.11

b. $127.32

c. $127.00

d. $127.38