The spot price of an investment asset is $30 and the risk-free rate for all maturities is 10% with continuous compounding. The asset provides a dividend income of $2 at the end of the first year and at the end of the second year. What is the three-year futures price? (Hint: you would first need to find the PV of year 1 and year 2 incomes and then subtract it from the spot price.)

		$19.67
		$35.84
		$45.15
		$40.50