Suppose you are market$-$maker in S&R index forward contracts. The S&R index spot price is $1100,$ the annual risk$-$free rate is $5\mathrm{.}5\%,$ and the dividend yield on the index is $1\mathrm{.}5\%.$ What is the no$-$arbitrage forward price for delivery in $9$ months? $($That is$,$ if the theoretical forward pricing model holds, what is the forward price?$)$

Question $11$ options:

$$1,129\mathrm{.}26$

$$1,133\mathrm{.}50$

$$1,125\mathrm{.}03$

$$1,100\mathrm{.}00$

$$1,120\mathrm{.}00$