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The risk free rate of interest is 2.77% per annum with continuous compounding and the dividend yield on a stock index is 4.42% per annum.

The risk free rate of interest is 2.77% per annum with continuous compounding and the dividend yield on a stock index is 4.42% per annum. The current value of the index is 1200. What is the three month futures price? (Enter answer accurate to 2 decimal places)

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