3. Suppose forward price for a contract maturing on December 15,20XX is $100/ share. a. How much would the short position trader earn or lose if the spot price at maturity was $117/ share? How much would the short position trader earn or lose if the spot price at maturity was $95/ share? b. Draw the payoff profile of a short forward contract. c. How much would the long-position trader earn or lose if the spot price at maturity was $117/ share? How much would the long-position trader earn or lose if the spot price at maturity was $95/ share? 3. Suppose forward price for a contract maturing on December 15,20XX is $100/ share. a. How much would the short position trader earn or lose if the spot price at maturity was $117/ share? How much would the short position trader earn or lose if the spot price at maturity was $95/ share? b. Draw the payoff profile of a short forward contract. c. How much would the long-position trader earn or lose if the spot price at maturity was $117/ share? How much would the long-position trader earn or lose if the spot price at maturity was $95/ share