The current level of the JSE TOP40 index is 1,250. The dividend yield on the JSE TOP40 is 3%. The risk-free interest rate is 6%. The futures price quote for a contract on the S&P 500 due to expire 6 months from now should be ________.

Select one:

a. 1,268.61

b. 1,291.29

c. 1,274.33

d. 1,286.95