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Q12. (1 Point) The maturity of a futures contract is 1 year, the current level of the index is 1,000, and the risk-free interest rate

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Q12. (1 Point) The maturity of a futures contract is 1 year, the current level of the index is 1,000, and the risk-free interest rate is 0.5% per month. The dividend yield on the index is 0.2% per month. The storage cost is 0.3% per month. What is the futures price? Assume using monthly compounding. a. $1061.7 b. $1074.4 c. $1187.3 d. $1126.8

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