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Part a: We have an interesting series of forward contracts that are equal to the spot price of 100 for all forward maturities from

Part a: We have an interesting series of forward contracts that are equal to the spot price of 100 for all forward maturities from 1 month through 1 year. If the spot price is positively correlated with interest rates, are 3-month futures prices above or below or equal to 100? Are 3 month futures prices greater than, less than or equal to 6 month futures prices?

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