3) At time 0, Investor A enters into a forward contract, at no cost, to buy, at time 2, $100,000 par of a zero maturing at time 3. The forward price this investor locks in to pay at time 2 is $92,000. a) What forward rate does this investor lock in at time 0, through this forward contract, for lending from time 2 to time 3? b) At time 1, the spot price of$1 par ofa zero maturing at time 2 is 0.96 and the spot price of$1 par ofa zero maturing at time 3 is 0.93. (i) At time 1, what is the forward price an investor could lock in to pay, at time 2, for $100,000 par ofa zero maturing at time 3? (ii) What is the value, at time 1, of Investor A's position in the forward contract from part (a)