Apex Exchange has just introduced a futures contract on the stock of Brandex, a company that currently pays no dividends. Each contract calls for delivery of $1,000$ shares of stock in one year. The T$-$bill rate is $4\%$ per year.

Required:

a$.$ If Brandex stock now sells at $$120$ per share, what should the futures price be$?$

Note: Round your answer to $2$ decimal places.

$\backslash$table$[[$Futures price,$$127\mathrm{.}20$