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Forwards and Futures 1. What are the prices of the following two T-bill futures The 7-month forward price of a 1-month T-bill with face value

Forwards and Futures 1. What are the prices of the following two T-bill futures

The 7-month forward price of a 1-month T-bill with face value of $1.

The 4-month forward price of a 4-month T-bill with face value of $1.

Given that: (1) 4-month T-bills with face value of $1 are priced at 0.94, (2) 7- month T-bills with face value of $100 are priced at 90.11, and (3) 8-month T-bills with face value of $1 are priced at 0.88.

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