3. Assume you need exactly 4 contracts to hedge your cash shortage. How much is the cash shortage? $ (keep 2 decimal points) 4. Let's assume that in December 2017, the spot price for 90-day BAB is quoted at 97.50. Assume that you close-out your futures position. What is the gain (loss) on this contract? $ (keep 2 decimal points, add negative "-" sign for loss) 5. How much will you raise in the spot market by selling forty 90-day bank bills? $ (keep 2 decimal points) 6. What is the net position in December 2017? (keep 2 decimal points) Maximum marks: 6