(1 point) Consider a forward contract on a commodity with a current price of $1950 and delivery time in 12 months. Assume that the risk-free rate of interest is 6.5% compounded monthly and there is no carrying cost. a) Find the forward price of the commodity for delivery in 12 months: $ b) Suppose that at time 6 months the interest rate increased by 1% and the commodity price decreased by $150. The forward price (for the same delivery date) at time 6 months is $ C) Using the results obtained in parts (a) and (b), find the no-arbitrage value of the long forward contract at time 6 months: d) Using the results of (a) and (b), find the no-arbitrage value of the short forward contract at time 6 months: Note: Round any dollar values to the closest cent at every intermediate step. (1 point) Consider a forward contract on a commodity with a current price of $1950 and delivery time in 12 months. Assume that the risk-free rate of interest is 6.5% compounded monthly and there is no carrying cost. a) Find the forward price of the commodity for delivery in 12 months: $ b) Suppose that at time 6 months the interest rate increased by 1% and the commodity price decreased by $150. The forward price (for the same delivery date) at time 6 months is $ C) Using the results obtained in parts (a) and (b), find the no-arbitrage value of the long forward contract at time 6 months: d) Using the results of (a) and (b), find the no-arbitrage value of the short forward contract at time 6 months: Note: Round any dollar values to the closest cent at every intermediate step