1 pts Here are direct spot and forward markets quotes for EUR over three points in time: now (1/1/XX), one month later (2/1/XX), three months later (4/1/XX), and six months later (7/1/XX). 1/1/XX EUR Spot 1 Month Forward 3 Month Forward 6 Month Forward 1.3075 1.3271 1.3470 1.3672 2/1/XX 1.3006 1.3201 1.3399 1.3600 4/1/XX 1.3605 1.3809 1.4016 1.4226 7/1/XX 1.3296 1.3496 1.3698 1.3904 On 1/1/XX, Dell sold a 3 month forward contract of EUR 1,000,000 to Chase. Based on this transaction: O Dell will pay EUR 1,000,000 to Chase in 3 months, and will receive USD 1.347.100 from Chase One in 3 months Dell will pay USD 1,347.100 to Chase in 3 months, and will receive EUR 1.401.600 from Chase in 3 months Dell will pay USD 1.360,500 to Chase in 3 months, and will receive EUR 1.000.000 from Chase in 3 months Dell will pay EUR 1.000.000 to Chase in 3 months and will receive USD 1,401.600 from Chase in 3 months