(a). A forward contract on a bushel of corn with a current ("cash market") price of $150 is entered into today and has a maturity of 1 year. If the effective per annum

 

riskless rate is 6%, what should the forward price be?

(b). What should the forward price be if the maturity of the contract is 3 years?

(c). What should the forward price be if the effective per annum riskless rate is 8% and the maturity of the contract is 3 years?