An investor is long a forward contract on the S&P500. The stocks underlying the index are estimated to have annualised dividends going ex during the 3-month period of 2% pa. The current value of the index is 900 and the continuously compounded 3-month risk-free rate is 6% pa. Calculate the price of the forward contract.

a.$ 909.

b.$ 914.

c.$ 937.

d.$ 918.