An investor purchased a newly issued bond with a maturity of 10 years, 200 days ago. The bond carries a coupon rate of 8% paid semiannually and has a face value of 1,000. The price of the bond with accrued interest is 1, 146.92. The investor plans on selling the bond 365 days from now. The schedule of coupons over the first two years from the date of purchase is as follows: A. Should the investor enter into a long or short forward contract to hedge his risk exposure? B. Calculate the "No Arbitrage" price at which the investor should enter the contract. Assume the risk-free rate is 6%. C. The Forward contract is now 180 days old. Interest rates have fallen sharply and the risk-free rate is now 4%. The price of the bond is now 1, 302.26. Determine the value of the Forward contract now and indicate whether the investor has accrued a gain or a loss on his position