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he S&P500 market index of US stocks is currently 3400 points. The dividend yield on the S&P500 index is 3% per annum (continuously compounded) and

he S&P500 market index of US stocks is currently 3400 points. The dividend yield on the S&P500 index is 3% per annum (continuously compounded) and the riskfree rate of interest in the United States is 1% per annum (continuously compounded). What is the fair price (F) for a futures contract based on the S&P500 which expires in 3 months' time.

Round your answer to two decimal places (no commas).

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