Please use the following information for the next 3 questions. The S&R index spot price is 1200, the continuously compounded annual risk-free rate is 5%, and the continuous dividend yield on the index is 3%. Question 6 (4 points) What is the fair value of a 9-month forward contract (i.e., the no arbitrage 9-month forward price; it is calculated using the forward pricing formula.)? $1,261.52 $1,245.85 $1,218.14 $1,224.24