The S&P/ASX 200 Index is trading at 6449.681 and the dividend yield is 3.21%, if...

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The S&P/ASX 200 Index is trading at 6449.681 and the dividend yield is 3.21%, if there are 124 days to expiry of the SPI200 contract and the continuously compounded rate of return is 3.4884%, what is the value of the equivalent physical position if 18 SPI200 contracts are purchased?

$2,905,200

$2,905,119

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$2,905,705

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