Amazon (AMZN) is a non-dividend paying stock with a cash price of $3,175 per share. An investment manager seeks to benefit from a rise in AMZN's share price from now through the holiday shopping season (i.e., from October 1st to January 1st, 2021). He lacks the cash for a purchase today but expects to have future cash flows to fund the position. a.) He approaches his bank to enter a forward AMZN purchase over this period. The relevant risk-free rate is 1% for three months. What is the AMZN forward rate out to January 1, 2021? b.) The asset manager decides to unwind the forward contract after Thanksgiving on December 1st as investment inflows have not materialized as expected. In the meantime, AMZN stock has fallen to $3,025 and the risk-free rate is unchanged as in 1 a.). What is the cost per share to offset the original forward purchase contract