The risk-free rate is 5% and the dividend yield on the S&P 500 index is 2%. Which of the following is correct when a futures option on the index is being valued?

		The futures price of the S&P 500 is treated like a stock paying a dividend yield of 5%.
		The futures price of the S&P 500 is treated like a stock paying a dividend yield of 2%.
		The futures price of the S&P 500 is treated like a stock paying a dividend yield of 3%.
		The futures price of the S&P 500 is treated like a non-dividend-paying stock.