Assume that the underlying asset is an investment asset with no storage cost and no dividend. The information of the stock price, maturity of the forward contract, and risk-free rate is provided below:

Stock/spot price	S0	$350
Maturity date of Forward contract (3 years)	T	3
Risk-free rate	r	5%

Based on the above information and using the Cost-of-Carry Model, which of the following is the correct value of the no-arbitrage Forward Price (F₀)?

(A) 406.64 (B) 301.25 (C) 0 (D) None of the above