Question 1 (1 point) You are required to price a forward on a bond that pays coupons on the last day of the month. The coupons vary throughout the year: in the first six months of the year (from January to June), the bond pays coupons of $9; in the other months (August to December), the bond pays $6. Suppose that we are in October 31, 2020 (right after the coupon of October has been payed) and that the current value of the bond is $970. What is the forward price for a contact with maturity March 31 of the next year? Assume a risk-free rate of 3% per annum with continuous compounding for any maturity. Approximate your answer to two decimal places (e.g. 98.23). Question 1 (1 point) You are required to price a forward on a bond that pays coupons on the last day of the month. The coupons vary throughout the year: in the first six months of the year (from January to June), the bond pays coupons of $9; in the other months (August to December), the bond pays $6. Suppose that we are in October 31, 2020 (right after the coupon of October has been payed) and that the current value of the bond is $970. What is the forward price for a contact with maturity March 31 of the next year? Assume a risk-free rate of 3% per annum with continuous compounding for any maturity. Approximate your answer to two decimal places (e.g. 98.23)