Assume that you are a Chilean investor who, at time 0, signs a forward purchase contract for 1 EUR for delivery at period 3 at F0,3 = CLP/EUR 1800. The table below shows the movements of the forward rate between time 0 and time 3. The currently prevailing CLP effective rate of return for the time 0 to time 3 period equals 6 per cent (10,3 = 6%). Forward price Fee in CLP/EUR At time 0: F0,3 = 1800 At time 1: F1,3 = 1550 At time 2: F2,3 = 1400 At time 3: S3 = 1200 Compute the interim and final payments the investor makes to/receives from the bank in each of the time periods (i.e., time 0, 1, 2 and 3) under: (I) A variable collateral arrangement (II) A periodic re-contracting arrangement Assume that you are a Chilean investor who, at time 0, signs a forward purchase contract for 1 EUR for delivery at period 3 at F0,3 = CLP/EUR 1800. The table below shows the movements of the forward rate between time 0 and time 3. The currently prevailing CLP effective rate of return for the time 0 to time 3 period equals 6 per cent (10,3 = 6%). Forward price Fee in CLP/EUR At time 0: F0,3 = 1800 At time 1: F1,3 = 1550 At time 2: F2,3 = 1400 At time 3: S3 = 1200 Compute the interim and final payments the investor makes to/receives from the bank in each of the time periods (i.e., time 0, 1, 2 and 3) under: (I) A variable collateral arrangement (II) A periodic re-contracting arrangement