3. At time t, you bought a 60-day outright forward contract for at a price of 1.2974$. At time t+30, the then 30-day forward contract for trades at a price of 1.3123$. Both contracts mature at t+60. At time ++30, you want to lock in the profit from your 60-day forward contract position; however, you cannot sell it as it is an outright one and delivery will take place at maturity. a) What trading position will allow you to lock in the profit from your 60-day forward position at 7+30? b) What is the amount of profit locked in at 1+30 but to be realized at +60