The spot price for gold is $1,300 per ounce. The dividend yield on the S&P 500 is 5.4%. The risk-free interest rate is 7.5%. The futures price for gold for a 3-month contract on gold should be __________.
A) $1,254.03
B) $1,303.08
C) $1,318.12
D) $1,306.77