The following information is available about the ABC stock:

The current value of the stock is $38.$

The stock pays semi$-$annual dividends of $0\mathrm{.}95$ per share, with the next dividend to

be paid within $4$ months.

The continuous risk$-$free interest rate is $3\%.$

Calculate the two$-$year forward price of ABC stock.

a$)34\mathrm{.}37$

b$)35\mathrm{.}77$

c$)36\mathrm{.}44$

d$)37\mathrm{.}23$

e$)37\mathrm{.}92$