7. Consider the following time structure: (a) Calculate the monthly nominal forward rate applicable from 1 to 3 years. (b) Calculate the monthly nominal forward rate applicable from 2 to 5 years. (c) Calculate the nominal semi-annual forward rate applicable from 3 to 5 years. (d) What rate would be fair to agree a forward on a notional of $750.00 involving 2 years and 5 years. (e) Suppose you can enter into an FRA with a notional of $475,000 to be borrowed within 2 years for one year. The agreed rate is rk=10% nominal bimonthly, which position could I take advantage of and how much would I earn? (f) Consider the FRA of the previous paragraph and that the rate rm1,m2 is 7.5% continuous, calculate the payoff for each of the positions