3. a) The current USD/euro exchange rate is 1.4500 dollar per euro. The six month forward exchange rate is 1.3950 . The six month USD interest rate is 1% per annum continuously compounded. Estimate the six month euro interest rate. b). The spot price of oil is $80 per barrel and the cost of storing a barrel of oil for one year is \$3, payable at the end of the year. The risk-free interest rate is 5\% per annum, continuously compounded. What is an upper bound for the one-year futures price of oil