3. (10 points) Suppose that the price of a stock on 1 January 2000 is $100. A dividend $2 will be paid on 1 March 2000 and a dividend $1 will be paid on 1 May 2000. The interest rate is 10%. For a short forward position with delivery on 1 August 2000, find its value on 1 June 2000, given that the stock price on 1 June 2000 is $98. 3. (10 points) Suppose that the price of a stock on 1 January 2000 is $100. A dividend $2 will be paid on 1 March 2000 and a dividend $1 will be paid on 1 May 2000. The interest rate is 10%. For a short forward position with delivery on 1 August 2000, find its value on 1 June 2000, given that the stock price on 1 June 2000 is $98