Assume the following: (a) The spot index, the FBM KLCI is now 1,705 points; (b) The average annual dividend yield of the FBM KLCI is 1.0%; (c) The risk-free interest rate is 3% annualised; and (d) Index multiplier is RM50. What would be the correct (or intrinsic or theoretical) price of a stock index futures (SIF) contract if it matures in 3 months? Note: You may use either non-compounding interest cost-of-carry model OR compounding interest cost-of-carry model. Both formulas are acceptable. Enter your answer in at least four (4) decimal places for precision.