1. The risk-free interest rate is fixed at 5% per annum with continuous compounding for all maturities. ABC is a public firm that is expected to pay no dividend. Round to the nearast thousandth (the third digit after decimal point). (1.1) On Feb Ist, the spot price of ABC is $52. Suppose Bill entered into a short position of 1 million shares of ABC on Feb Ist using a one-year forward contract. Suppose that the forward price is set to satisfy the no-arbitrage condition. What is the one-year forward price of ABC? What is the notional value of Bill's position. What is the value of Bill's position in the forward contract? (1.2) On Sep 1st, spot price of ABC becomes $53. What is the 5-month forward price of ABC on this day? What is the value of Bill's forward position now? What is the notional value of his position